Welcome to the Scottsdale Real Estate Blog!

Buy Right. Sell Smart.
Information to enlighten you on the Scottsdale and Phoenix, Arizona real estate market.

You can subscribe to our FREE MONTHLY REPORT OF HOMES SOLD IN SCOTTSDALE BY ZIPCODE. Subscribe now by clicking here. It's safe, free, and you can unsubscribe at any time.

Visit my website to immediately start searching for golf and luxury homes and land, or contact me by email at Jean@JeanGlass.com.

Wednesday, October 24, 2007

The Nation's Housing Problems & The Stock Market

Today's market activity is an interesting story: Existing home sales plunged 8% for the past month, the lowest on record in a one-month period. This sent the stock market down 13%, or about 170 points. But guess what happened by the close of business bell? The market had rebounded to its opening bell position. That's a strong signal that our nation's economy is much stronger than many of the doom-and-gloomers would have us believe it is. Many who remember, say the current problems in th housing market have strong echos of the S&L bailout of 1990 - 1991. Jim Cramer, of Bloggingstocks.com, provides an excellent analysis of the market from an economic standpoint, and a view as to why we as a nation are actually in better shape in today's market than we were 17 years ago. Read on - Jean Click here for whole story...

No comments: