People have been talking a lot about the national housing market, but if you are trying to buy or sell a home, you know that all real estate is local. So, as we embark on the fourth and final quarter of 2011, let’s take a look at the data related to the Fort Wayne real estate market. • New...
According to a report by Monarch Capital Management, “Most casual observers of the economy are incredulous to hear some statistic is back up to a new record level, when everything around us seems so gloomy. The ‘new record’ list includes: corporate profits, nominal GDP, consumer spending, disposable income, wage rates, leading indicators index, exports, and soon real GDP and corporate revenues.” They should not be surprised since it has been four years since the last economic peak and since 1871, when reliable tracking began, the US economy’s trajectory has always been upward.
John Meyer, the author of the report, includes a chart on the 10-year trailing annual return on stocks that shows the 10-year total returns for US stocks going back for 200 years. Every point on the chart shows the total return for the previous ten years. Only the worst point of the Great Depression can rival the last 11+ years for futility in the stock market. But whenever that number gets low, the next 10-years produce above normal returns. Just like the economy, the stock market has always, eventually, returned to a normal growth trajectory.
At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale visit our website at NorthEasternGroup.com.