Today’s GDP report should make a few people giddy, but this guy is way ahead:
Next year is going to be a great one for real estate, two pros in the sector told CNBC on Monday.
For broker Fred Glick, it’s all about jobs, oil prices and interest rates, which translate into more money in consumers’ pockets and more confidence.
“This is all going to turn around to a happiness. I call it the axis of housing happiness in that you have jobs, you have low oil prices and you have low interest rates,” Glick told “Closing Bell.”
“This is great, I love it here.”
Happy happy happy happy,
clap your hands if you feel happiness is the truth LOL.
I hope we all have a great year in 2015.
Glick sees more money in consumer pockets. I see some money. Finally. Whether that turns into houses is a stretch.
All the job & wage growth since the great recession came from the energy sector. That tailwind just became a gale force headwind.