| Home sales over the past year or so have caused a | | | | particularly those who're looking to purchase their |
| mixed bag of emotions for many people. Many | | | | first home. |
| people have suffered a great deal of stress and | | | | If home prices continue to fall, particularly with the |
| anxiety over losing their homes and falling into | | | | home buyer's tax credit still in place, then the home |
| foreclosure while many others are delighted with | | | | sales over the fall may just continue to exceed |
| having the ability to buy into a market full of | | | | expectations. However, the sales that occur in late in |
| discounted homes, foreclosures, and short sales. | | | | the year tend to drop off in frequency as the |
| While it is true that the real estate market is the | | | | weather worsens. |
| cause of a lot of heartache for many Americans, it is | | | | The increase in home sales has certainly helped the |
| also the case that the home sales are also helping to | | | | economy somewhat, though experts say that it |
| prop up a flailing economy this quarter. | | | | needs support from a wider range of industries |
| The number of home sales has substantially picked | | | | before it really starts to recover. With fewer and |
| up this fall and in fact, October home sales have | | | | fewer homes on the market hopefully this will impact |
| finished higher than they've been in over two years. | | | | the home building industry soon as it is still struggling |
| This is, in a large part, due to the fact that home | | | | with a lack of business due to the glut of homes on |
| buyers were racing to beat the expiration of the first | | | | the market due to foreclosures and short sales. |
| time home buyer's tax credit. Now that this credit | | | | Hopefully we will see a slow but steady increase in |
| has been extended until the end of April, however, | | | | not only home sales, but also a variety of other |
| we are sure to see another rush to buy when this | | | | industries over this winter. The more confidence that |
| deadline approaches. | | | | we can put in the economy, the more we will benefit |
| The low mortgage rates have really helped the | | | | from the increased productivity that our dollars |
| current trends in home buying. Even with fewer | | | | stimulate in it. Only time will tell how the economy will |
| funds to go around, the reduced prices of homes in | | | | withstand the eventual withdrawal of government |
| combination with these lower lender's rates have | | | | stimulus though. |
| created some ideal opportunities for home buyers, | | | | |