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Housing Market Continues To Rebound..
Posted: Fri Aug 21, 2009 10:57 am
by Wedgebuster
http://news.yahoo.com/s/ap/20090821/ap_ ... home_sales
The U.S. housing market is rebounding faster than expected. The question is, can it last? Home resales in July posted the largest monthly increase in at least 10 years as first-time buyers rushed to take advantage of a tax credit that expires this fall. Sales jumped 7.2 percent and beat expectations, the National Association of Realtors said Friday.
Re: Housing Market Continues To Rebound..
Posted: Fri Aug 21, 2009 11:08 am
by Ivytalk
But will the rebound survive the expiration of the credit? Anyway, good news for a change.
Re: Housing Market Continues To Rebound..
Posted: Fri Aug 21, 2009 11:22 am
by Franks Tanks
Ivytalk wrote:But will the rebound survive the expiration of the credit? Anyway, good news for a change.
It wont help of cousre--but rates and prices are still low (until the fed has to raise rates to avoid inflation)
Re: Housing Market Continues To Rebound..
Posted: Fri Aug 21, 2009 11:45 am
by dbackjon
Ivytalk wrote:But will the rebound survive the expiration of the credit? Anyway, good news for a change.
Will they extend the credit?
And this has a double help - once the credit checks come next year, look for spikes in business for home improvement businesses.
Re: Housing Market Continues To Rebound..
Posted: Fri Aug 21, 2009 3:14 pm
by Wedgebuster
Here conky, conky! Hey, where you guys go??
Re: Housing Market Continues To Rebound..
Posted: Sat Aug 22, 2009 10:01 am
by AZGrizFan
dbackjon wrote:Ivytalk wrote:But will the rebound survive the expiration of the credit? Anyway, good news for a change.
Will they extend the credit?
And this has a double help - once the credit checks come next year, look for spikes in business for home improvement businesses.
Yet another industry hitting a false bottom, being propped up by government subsidy. All sounds well and good, but what happens when the checks run out?
Re: Housing Market Continues To Rebound..
Posted: Sat Aug 22, 2009 11:49 am
by TheDancinMonarch
But if you dig deeper into the newspapers this is the kind of thing you find. They may want to hand us positive news on the front page but the truth will come out ecevtually.
http://digital.olivesoftware.com/Olive/ ... iew=entity