Jamesb101.com

commentary on Politics and a little bit of everything else

Home Sales are up…….

The Economy is gaining steam…..

Even though the state’s are now in trouble with their budgets….

And Home Sales are starting back up for the spring…..House prices will follow…..

The National Association of Realtors’ index for pending sales of existing homes rose by 8.2% in February, surprising economists, who were expecting a 0.5% decline. The increase suggested the extended tax credit for homebuyers, which is set to expire at the end of April, is helping to spur home sales.

John Chisholm, chief investment officer at Acadian Asset Management, said that while the stock market had one of its fastest, strongest rallies last year, the gains in stocks so far this year have come in “a more normal environment.” He added, “it’s definitely been moving in a positive direction on average but it hasn’t been the same kind of sharp rally we saw last spring.”

Mr. Miller said the smaller gains in recent months have come amid concerns over valuations, which investors are thinking could already be pricing in strong first-quarter earnings. The reporting season unofficially kicks off next week.

More……..

April 5, 2010 Posted by | Breaking News, Government, Home, Media, Other Things, The Economy, Updates | , | 12 Comments