Recently, after along time a heat wave is being seen in the real estate industry. In march the existing homesales has increased to 6.8% may be becuase homebuyers are racing to get the tax credit that expires in april. This might sound like a positive tone in the real estate industry but there is still doubt how people are taking the news as. Are they still scared of investing in the housing industry expecially after what happened in the recession of 2008? Or they are trying to grab the tax credit advantage as many did for the sub prime mortgage?
This is an interesting topic of debate. But the good news is people came out of that shock of 2008 and are showing eagerness in ivesting once more, which surely will move the economy into new direction.
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ReplyDeleteThis is a definite sign that the economy is recovering. The rising prices of homes will be a good spark to raise consumer confidence and people's wealth.
ReplyDeleteIt's also good to see some fiscal stimulus money having a visible effect in the economy.