Don't Worry, Be Happy About the Economy

If you’re becoming negative about the nation’s economy, there may be reason to cheer up, says David Wyss, Standard & Poor’s chief economist.
By: Jeffrey R. Kosnett: REALTOR® Magazine Online
After all, there’s no impending recession, and exports are strong, Wyss says. Manufacturing, commercial construction, and finance also are doing well.

The economy is growing slowly, but Wyss says, for most people a slower growth rate is a good thing. It should encourage the Federal Reserve to stop raising interest rates. Once the Fed stops boosting rates, it typically waits for about seven months and then starts cutting rates.

If that happens, 2007 will be a good year for job hunters, investors, home sellers, and real estate professionals.