Some market facts

·          The Commerce Department reported that both personal incomes and consumer spending were up 0.6 percent from the previous month, the best showing since December.

·          Federal Reserve Chairman Ben Bernanke reconfirmed the Fed’s assessment that the economy is likely to grow over the coming quarters.

·          Mortgage demand is up nearly 17% from the same week the prior year, according to the National Association of Realtors.

·          The National Association of Realtors reported that existing home sales rose 3.9% in February – the largest increase in three years.

 Weichert, Realtors: 4/2/2007