Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: The DOW Hits over 12,000

The DOW Hits over 12,000

The DOW started out the day over 12,000 for the first time ever.  It hit about 12,049 before dropping back down.  This is significant because it took over seven and a half years to go from 11,000 up to the 12,000 mark.

It took only 24 days to go from 10,000 up to 11,000 back in 1999, but then we were hit with many things around the country and world to stop the climb many times.  In the past two weeks, there have been 7 closing records.

It looks like we're moving strong again with consumer confidence also rising.  When consumer confidence rises, so do home sales!!

Here's more of the story if you want details.

Comment balloon 1 commentDonna Harris • October 18 2006 11:58AM


At today's office meeting our in-house mortgage rep said rates are starting to show signs of a decline and may even dip below 6% -- more good news for a recovering market.
Posted by John Novak, Henderson, Las Vegas and Summerlin Real Estate (Keller Williams Realty The Marketplace) over 13 years ago