Will the housing market and economy go up? ?

Question

Will the stock market and house prices go up the second Obama is in office? I mean literally over night, will it go up?

Answer 1

No it will certainly not go up overnight. And honestly Obama has not said one thing or given one plan to approve this. However, it will go up. The slump we are currently in is due to the bubble bursting. Things were really over valued and the decline is still really an overall improvement if you follow the median home prices over a 10 year run. They are still climbing, 1.5% for the last several years. People forget the 6-7 unbelievable great years we experienced. It was truely fantastic. But for every up there is a down. We are in a down period. Great for investment opportunity, but I would give it til next summer. But I still have been looking for more investment opportunities. Great time for buyers too.  

Answer 2

No but if you are old enough to remember the Clinton years... The news reports before his election were the economy is in the tank. After he won the econony is showing great signs of improvement.

When he left office the media was claiming we arent any where close to a recission, The day Bush won they reported the economy was dismal.

Now we are getting stories like 10% of economists think that the economy will get worse. Why wasnt it 90% of economist think it will get better? (this was a story on yahoo from the AP a month ago)

Now if you loom at our GDP it doubled the last quartered up to around 3% growth.. modest yes but it is growth and better then it was.. Did you hear one story about this?