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Wilderness Realty, Inc.

Maine Land Sales Specialists

MARKET REPORT BY WILDERNESS REALTY

February 21, 2011 by  
Filed under Land 101, Land Economics, Real Estate Blog, Uncategorized

My first April post last year hinted at an economic recovery from the previous year.  How has the market performed since then?

Well I am happy to report that the US economy is better now than it was 11 months ago.  The DOW is hovering around 12,400 as compared to under 11,000; consumer confidence has been steady and is slightly up from last April; personal spending, manufacturing and foreign markets are all up.  On the down side are home values which, however, are predicted to rise later this year.

When I made the report last year, I was hoping the numbers were more than just “wishful thinking”.  Looking back, I can say things did get better.  What about the current numbers?  Personally, I feel better about the economy than I did last year.  Do not misunderstand me, things are not booming; but seem to be moving in the right direction.

A recent report indicates that more money is going into the stock market and at a faster rate than in the past few years.  For those looking to invest, consider land as another vehicle to diversify your portfolio.  Wilderness Realty has a great inventory with good deals.  We have added a considerable number of listings to our inventory this past Fall/Winter.  Check out our website or better yet call 207-947-7957 and make an appointment for a showing.