| Existing Home Sales Up in August |
|
 photo credit: jwinfred
Most of us have still felt the financial crunch during the last couple of months; however, existing homes sales were up in August. In fact the numbers were up 7.6 percent over last month. Despite the rise in the numbers, many people are still feeling the economic and housing crunch, and according to Lawrence Yun, chief economist for NAR, home sales still remain subpar.
"The housing market is trying to recover on its own power without the home buyer tax credit. Despite very attractive affordability conditions, a housing market recovery will likely be slow and gradual because of lingering economic uncertainty," states Mr. Yun.
It looks as though all roads lead to jobs. The large unemployment rate is still hurting most industries. People are still out of work all around the country and a fix in the jobs market would surly help the housing industry. And its good we have seen a slight rise in the government employment sector, however, we need private sector jobs to help us out of this financial mess.
Read the full article from RealtyTimes
Posted on October 04, 2010 12:25:33 by  IPTV.Boyz
This post has no comments awaiting moderation. |
XML Feeds
Posted in