A Look Ahead

A steady decline in layoffs is giving the vast majority of adult Americans who have jobs the confidence to spend more freely and help energize the economy. They no longer worry so much about losing their jobs. Their renewed confidence has boosted retail sales – just what’s needed to spark what economists call a “virtuous cycle”: Higher consumer spending raises company profits, which spurs hiring, which fuels more spending and growth. We are seeing the effect from this on my Commercial Side (Real Estate). Buildings that have set empty for some time are now being looked at by potential Commercial clients who are either looking to expand or are actually starting new enterprises. All of this is good news. New business means new jobs and that equates out to new potential home buyers entering the home market. Not to despair it is getting better!