Tuesday, December 10, 2013

Economy grew at 3.6% rate in Q3, best in 1.5 years



Revised estimate is much higher than 2.8% first estimated.
Inventory buildup accounts for half of the economy's growth.
More investment shows business confidence, but inventory glut may slow 4th quarter growth.

Reasons For Low Inventory


Many Homeowners Are Still Underwater.
Selling a Home Can Be Costly.
Continued Tight Credit Conditions.
Housing Boom & Bust Fallout.
Homeowners Are Taking a Longer Term View of The Housing Market.


Monday, December 9, 2013