Stock surges could be enough to improve Boston housing market
Recent financial upticks in the United States may influence housing market improvements in some of the countries' struggling metro areas. Real estate in Boston has already shown signs of growth, but with stocks on the mend and new job creation occurring monthly, the for-sale properties in the Hub may look a lot more appealing a few months down the road.
Cisco Systems led the 30 stocks in the Dow Jones industrial average, growing 8 percent early Thursday, August 16, 2012. The world's largest maker of computer-networking equipment also revealed earnings that surpassed expectations, The Boston Globe reports. Cisco raised its quarterly dividend to 14 cents per share from 8 cents, gaining $1.44 to $18.78. In addition, the Dow Jones industrial average rose 58 points to 13,223 as of Noon EDT, an increase of 0.4 percent.
You might want to consider these recent financial reports when looking for property. In some instances, your own economic standing may be improving, and the array of homes available for you to purchase may increase exponentially if you own certain stocks in today's fluctuating market.