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Category Archives: Economics
More Buyers Sign Contracts in February – March 28, 2011
The National Association of Realtors reports more buyers wrote contracts to purchase homes in February. The National Pending Home Sales Index rose 2.1% in February. Regionally, the index rose 7.0%, in the West, which was 0.6% higher than in February 2010. According to Lawrence Yun, National Association of Realtors Chief Economist, “Pending home sales have trended up very nicely since bottoming out last June, even with periodic monthly declines.” June 2010 was the lowest point in the index due to the expiration of the Home Buyer Tax Credit. Locally, the Metro Denver real estate market remains mixed. Some metro markets are seeing… Read More
Federal Reserve Chairman Bernanke Sees Positives Signs – February 7, 2011
Ben Bernanke, Chairman of the Federal Reserve, is seeing positive economic signs. While our economic recovery is still a slow work in progess, the Stock Market, consumer spending and low mortgage interest rates seem to be showing more strengths than weakness, right now. Consumer spending was very strong, in the last quarter of 2010, and 2010 reported the best increase in consumer spending, in over three years. Read more about Ben Bernanke’s commments in The Denver Post.
Posted in Denver Economy, Economics
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Positive news for job growth in Denver
Good news for creating jobs in the Denver Metro area. As reported in the Denver Business Journal, several large corporations have been adding hundreds of jobs to their Denver based call centers, over the last year. Companies have been reversing their trend of off-shore call centers in search of superior customer service and new cost efficiency models. This is great news for our local ecomomy.
Posted in Denver Economy, Economics, Englewood, For Buyers, For Sellers, Regional News
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