Not really, not yet. Too much uncertainty out there.
Low interest rates should have sparked more RE activity but there is limited personal cash flow to support it. Job outlook still includes many people out of work or underemployed. Especially the >40 crowd. Market is trending down and I’m sure we’ll feel more ripples when new Obamacare regs causes companies to react. Pres just closed more federal lands to oil exploration. New enviro regs hit business in the knees. Throw in a new mid-east conflict and things get ugly.
However, I feel like a spring is being would up. There still is a lot of money on the sidelines in cash. Companies and people are hunkering down not willing to take a lot of risk due to the uncertain future. Sadly, I feel this will run another 4 years. Once Washington is perceived as working together and for a better America watch out for growth like the ’50’s.
