So, we have all heard the scary, negative facts right now regarding the country's economic situation. Some good news I have found:
Stocks are staging a strong recovery rally today, after an utterly awful session Monday. The markets, which had been up all day, surged even higher this afternoon on renewed hopes that Congress will pass a financial rescue plan this week.
At 1:43 p.m. ET, the Dow Jones Industrial Average was up 342 points to 10,707 after plunging a whopping 778 points Monday, its worst one-day point drop in its storied 100-plus-year history.
This afternoon, the Nasdaq Composite Index was up 77 points to 2,061 after plunging 200 points Monday. The Standard & Poor's 500 Index had added 45 points to 1,152 after losing 107 points in yesterday's session, the biggest drop ever for the S&P 500(From Msn.com)
August Home Sales are UP from 2007:
Glendora 91740:17 91741: 11
San Dimas: 7
La Verne: 18 !!!!!!!!!!1
Claremont: 34 !!!!!
Covina: 91722: 24; 91723: 7; 91724: 17!!!!!!!!!!!!!
(Data taken from county records)
Last, I still believe real estate is a wonderful investment. Real Estate is a safe place to "park" your funds, enjoy tax benefits and you have an almost guaranteed long-term return on your investment. Although prices have dropped, I still have not seen them at 2002 levels. If we looked at sales from 2002, we would not be able to compare and show the same price for a like property in Glendora. With the prices still lower than a few years ago, interest rates good and FHA loans a good option, this is still a wonderful time to invest in real estate.
Please call me or post any comments you may have. Also, any questions you have are welcome. These are uneasy times, but things will improve in the long-run -- they always do!
Honesty, Integrity...Service you can TRUST!
Stacy
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