My Real Estate Blog

According to a Daily Herald article published on 11/25/2009, sales of new homes rose more than 6% in October. This is nationally, due primarily to strong results in the South.

The economy and the housing market are being propped up with unprecedented government intervention. The government is trying to limit foreclosures with a mortgage relief program, with attracting buyers with tax incentives. The Federal Reserve is keeping interest rates low.

Low rates coupled with falling prices have restored affordability to large areas of the country. However many economists  expect prices to fall again this winter, with rising unemployment, more foreclosures will come.

What we need is more good reports to help restore confidence about buying.