Kiplinger's Clicks Another Economic Indicator To Green
Which is a good thing.
As of yesterday, we’re now 1/3 of the way out of the recession, according to Kiplinger’s Recovery Index, which tracks six key economic indicators.
Yesterday, the National Association of Realtors (NAR) said that home sales rose in June, the third straight month to do so. Prices may be bottoming out after two years of decline (some say they bottomed out six months ago), but at least people are buying stuff.
Kiplinger’s: “Home sales activity is a key indicator of the economy’s health because buying a house involves such a large commitment of funds, reflecting confidence about the future.
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