Economony and Housing Market Improving
The Dow is up 22% from its low March 2nd. 
Thursday the market surged 246.27 points or a 3.14% gain driven my Wells Fargo’s forecast of a $3billion profit for the first quater. The reason was welcome news as well: a big jump in mortgages. As mortgage applications were up 64% over the fourth quarter of 2008 and that the surge is continuing into the second quarter. Link to Wells Fargo Press Release
The credit flow is quickening as companies with good credit are borrowing more money according to a recent article in the New York Times. Link to Herald Article
Florida home sales increased 20% in Feburary, while nationally sales rose 5.1%. Link to Herald Article
Real Estate, especially in a place like Sarasota Florida is a terrific investment. It may just be the best time ever to buy, before it becomes an accept fact that the bottom of the market is past us. Once that becomes generally accepted comon knowledge sellers will become less motivated and the best opportunities will have been missed. While the real estate market is not likely to see the kind of short term gains we have seen recently in the stock market over the long term it will continue to be safest and most lucrative place to invest.
