We read statistics recently that give us hope for a real estate market recovery.

For one thing, 2nd quarter gross domestic product (or GDP) was up by 3.3 percent – above the forecasted 1.9 percent.   This is significant because when economic growth rate increases, then consumer confidence in the economy rises, then resulting in more housing sales.

As if to confirm that, the consumer confidence numbers for August increased by 5 points.

Another encouraging report was that last week’s mortgage rates dropped to 6.39 percent for 30-year fixed rate loans.

Should we forecast that the recovery is on?  Reports may suggest that but we’ll wait for the real experts to say so.

In the meantime, see what’s available in Seal Beach by visiting my website at http://www.pathaleonline.com