King County, Seattle, and Bellevue Real Estate Blog

As you are well aware by now, I have been paying a lot of attention to news surrounding the creation of jobs; a sustained real estate and national economic recovery depends highly upon getting America back to work.

That being said, I have been eagerly awaiting the start of the second quarter earnings session. Thus far, the stock market has welcomed great news from Alcoa Inc (aluminum maker) and railroad operator CSX Corp. Then, after the market closed today, Intel Corp. reported earnings and revenue that beat analysts' expectations, and it also raised its forecast for the year.

All three companies additionally issued upbeat forecasts for the rest of the year.

Alcoa is a particularly good indicator because it's product are sold to a varied customer base, providing a snapshot of a broad range of other industries.

Ultimately, this doesn't mean companies are back to hiring full tilt, but it is a major step forward in the eventual creation of jobs. Let's hope this will be the start of more and more good news that will help ease a wary country.

Posted By: Robert Wasser - King County, Bellevue, and Seattle Real Estate Blog