Monday, March 23, 2009

House Market on a Possible Rise

By Alcides Hoy Jr.
With the recent economic crisis everyone is giving up on spending. Yet it seems as if hope is being restored back into the housing market. Industry reports show that in February there was an increase in the sales of existing homes. This was strong recovery from January downhill housing market sales. I know many of you are asking it is time to jump back into the housing market? I cant say but I also cant say no by a long shot. This is definitely a time to retreat back into research mode and find about how the market is looking. Many of us wonder with the fluctuating market lately how could we put our trust back into the industry. Sales for the current month increased nearly six percent from its declining five percent in February. Ian Shepherdson, chief U.S. economist at High Frequency Economics, said there's a "good chance" the collapse in home sales that has been going on since September is "now over." There you have it folks a professional giving you some assurance that we might be able to gather our funds and gradually lean back into the housing market.

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