JL's Columbia SC Real Estate Blog: Is That Good News I'm Reading? Recession Turning Around

Is That Good News I'm Reading? Recession Turning Around

 I don't know for the life of me how much stock anyone puts into reports they read on Yahoo, but if you haven't read the latest on about the recession, it's pretty optimistic. Financial experts are claiming that the recession should see an end by the end of the year. At this point, companies should begin adding jobs back to the market and unemployment should top out somewhere around 10%.

 There's even good news for the housing market, as the same experts say that the housing market should start to pick up as well. Home sales should start to pick up by midyear, and prices should start the road to recovery by the end of the year. Experts say that home prices will not recovery to the previous high during the housing boom we experienced in years past, but they will recover none the less.

 The fact of the matter is that now some experts are starting to change their tune and back away from the doom and gloom constantly reported throughout this ordeal. Some of them are now saying that there is a visible light at the end of the tunnel and are no longer proclaiming it to be a train as once believed. Whether or not it makes your day to read goods news, I for one think it's nice to read at least a little optimism from the "experts".

 In all honesty, even the experts can't completely predict what will happen in the future or what tomorrow will bring. But at the very least, they now expect positive changes to the economy to take affect within the next few months and that should at least sound like welcome news to all of us affected by the economic downturn. There are signs of improvement on the horizon.

 Lately I have seen a significant increase in the activity of the Columbia, SC real estate market, and I have spoken with others that are reporting the same. We were lucky enough not to be as deeply affected by the recession as some other parts of the Country, however, even we will be happy to get back to a more normal and balanced market. Consumer confidence is the key to watching this recession melt away and become a part of our past, and at the very least, there are many signs that confidence could be on the rise.

 To read the Article on Yahoo referred to in this post, please click here.



JL Boney, III - Columbia, SC Realtor - Coldwell Banker Residential Real Estate

 I specialize in Columbia, SC real estate and the surrounding areas, including Blythewood, SC, Kershaw County, Fairfield County, and Lexington, SC. If you are in the market to buy or sell a home in Columbia, SC or any of the surrounding areas, I would love the opportunity to speak with to see how I can help. Thanks for reading and feel free to contact me if I can be of service to you.

Office- 803-788-1450     Cell- 803-730-9601     Email- James_Boney@Yahoo.com

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Comment balloon 9 commentsJL Boney, III • March 26 2009 03:38PM


Hey JL, I think they have been reporting the doom and gloom for way too long. It is hard to know what to believe on a national scale when different reports say different things. But on a local level, things here are looking up.

Posted by Tanya Venable, SEO, Mobile SEO, and Internet Marketing Consultant almost 12 years ago

Jl...sounds like the media is finaaly on board with more positive stories.  I know that not everything is Rosie, but the pace of negativity was way past reality

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) almost 12 years ago

JL:  The DC suburbs have been crazy busy.  And I spoke with a Washington Post reporter regarding short sales.  He asked some questions, leading me to believe he was looking for doom and gloom.  When I told him that short sales were closing now, he actually sounded disappointed.  That's right!  Go find your gloom and doom somewhere else Mister.  I'm busy selling houses.

Posted by Chris Ann Cleland, Associate Broker, Bristow, VA (Long and Foster REALTORS®, Gainesville, VA) almost 12 years ago

I just don't believe anything I read or hear anymore, good or bad.  Everybody's got their own spin and agenda.

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) almost 12 years ago

Tanya- Things here are looking up too, glad to hear you guys are seeing the same.

Bill- Everything is not all Rosy just yet, but it's not as bad all over as they are saying.

Chris Ann- Of course he was disappointed, he wanted bad news to sell a "good" story.

Laura- Now that's a mouthful and I can't argue with you.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) almost 12 years ago


I can't help but think that even with all of the doom and gloom that is being reported there isn't somme good news to be reported somewhere.  Oh thank heaven for someone saying something good.

Posted by Don Rogers, Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes (Keller Williams Realty Chesterfield) almost 12 years ago

Don- I just like to hear some good once and a while myself.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) almost 12 years ago

JL- My business has definitely already picked up and is looking like it will only get better!

Posted by Jamie Boney (Mungo Homes) almost 12 years ago

Jamie- I feel the same way.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) almost 12 years ago