Monday, November 23, 2009

Home sales UP in October

We know why, right? The tax credit was set to expire next Monday but people rushed to get their home purchases handled before then. This month will be a good month but it does seem that October produced more closings. One reason is the delay in getting financing--even people with money and/or good credit are having trouble getting loans! Likewise it's very difficult to get a solid appraised value on homes right now as prices are still being skewed by foreclosures. Finally, we are NOT out of the woods as it relates to foreclosures--not until we get employment handled. But hey, at least people will have access to healthcare, right? (Yes, Virginia, that's sarcasm. We need to get the Economy back on track FIRST; get JOBS back FIRST; then worry about healthcare-and maybe take a stab at Social Security while you're at it!)

Here's a link to the story.

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