Is The U.S. Economy Recovering Faster Than Expected?

It could very well be. The venerable Wall Street Journal trumpeted on its front page that the economy of our country is rebounding faster than originally thought.

The essential key to consumer confidence is retail sales. And for the first time in two years, retail sales in the U.S. increased two percent during one month. Also, The Beige Book, published by the Federal Reserve, reported that housing activity has increase in eleven out of twelve bank districts.

What is also promising news is that Freddie mac loan activity is up 10 percent higher in 2010 than in 2009.

In March, 2010, 162,000 new jobs were added and most were in the previously hard-hit manufacturing industries. Experts foresee 1,000,000 new jobs being created this year and 2,000,000 new jobs for 2011.

There's further good news about homeowners who are in trouble with their mortgages. In April, 2010 the percentage of home loans that are thirty days late in payment dropped for the first time in four years!

All this information means that the real estate industry is rebounding along with the economy. Not as fast as we would all kike, but the future looks brighter today than in more than four years.