Philadelphia Real Estate Economy Grew in Q1 2010
Philadelphia Real Estate
Philadelphia’s Economy Grew in Q1 2010
According to an article posted on www.Philly.com by Mike Armstrong the Greater Philadelphia Coincident Indicator, created by Select Greater Philadelphia and IHS Global Insight, had fallen every month for 25 months before increasing in March of this year. This increase is certainly positive because apparently “You can think of a coincident indicator as a mirror, while a second measure, the leading indicator, acts more like a crystal ball. Coincident indicators track current changes in the business cycle, especially frequently updated labor-market trends. Leading indicators, such as stock prices, tend to forecast what the overall economy will be doing in six to nine months.” I guess we can file this in the cautiously optimistic news category however issues like high unemployment, European economic instability, exorbitant national debt and housing market instability remain serious areas of concern.
To search Philadelphia Real Estate listings for condos, homes and apartments click here.
Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog
Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
[email protected]
www.CenterCityTeam.com
