|January 30, 2008||One Year Ago||Change|
|Federal Funds Rate||3.00%||5.25%||-2.25%|
Another good sign for the housing industry that is often overlooked is the HGX index. This is a stock index of the largest national home builders and it has taken quite a beating over the last six to twelve months. But if you look at what it has done since mid-January, you can see that the market believes we are going to have a big revival in the near future. These indexes tend to reflect forward-thinking earnings that are 6-12 months out. But clearly investors are putting their money on a housing recovery, not a recession as the media keeps touting.