Housing Market

Shifting the sight from the stock market to the housing market can be very interesting, i mean most problems started when the housing market crashed and mortgages were defaulted on...

Well there are a number of very positive signs these days.
The latest Business Week's title story: Signs of Life / In some of the hardest-hit housing markets, buyers are starting to stir.

Also a friend of mine in the financial industry mentioned that mortgage applications are on the rise again.

I mean of course eventually people would have to start buying houses again, especially in an environment like this. The market is still flooded with offers and very few buyers. Offers are incredibly good and mortgage rates are at historic lows.

But maybe this is the first sign indicating an increase in consumer spending and a rebounding market. The stock market is strongly related to consumer confidence and spending, if one comes back chances are good that other one will do the same....