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Honored Contributor
151949
Posts: 25,929
Registered: ‎03-09-2010

Is the economy improving ??

‎05-14-2012 03:52 PM

Thje money analyst on MSN said the economy is flat in some areas of the country and is turning well in other areas. He also said a lot depends on the housing market. Where I live - in my little plan - they are currently building 18 new homes and have sold signs on 6 more lots they haven't started yet. Everywhere in our town they are building homes like crazy - plus now we are seeing the start of some blighted shopping certers being taken over and new chain stores moving in. This is a small town so we don't have much in the way of shopping - just a Bells and a Walmart - so a few chain stores in these two almost empty shopping centers will be nice. We do see homes for sale here but only rarely see a house that is forclosed on. The base price on our home has gone up $15,000 from what they were asking 2 years ago when we bought ours so that is good for us - though we have no plans to sell.


He also said that most of the recovery is at the corporate level and that takes a while to trickle down to jobs for the middle class. As for the cost of gas and groceries - he doesn't predict much relief in those areas - but if we get a good cotton crop this year and if there are no droughts or anything some prices may go down.

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