Friday, 23rd of October 2009 at 10:04:22 AMWell, the news is abuzz:
Home resales rose in September to the highest level in more than two years.
This is true, from the National Association of Realtors®:
Existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months.
Of course, there is also some bad news coming from the Treasury Department (IRS):
Inspector general for taxes questioned the legitimacy of some 100,000 claims for the credit, potentially including some illegal immigrants and 580 people under 18. The youngest taxpayers to apply for the credit were 4 years old.
Of course there are always some that will push the limits of the law, never mind that the law states those under 18 cannot enter into a contract and since a purchase of a real estate requires a contract, not sure how that happened.
Let’s forget that and remember that we posted some really great numbers in September and that things are showing some positive signs in the housing market. The market can’t stay down forever and the question is, are we starting the climb upward now?
Related posts:
Recent Comments