Financial Times.com Cites Unexpected Rise In New Home Sales
Interesting that new home sales are up for the latter part of the year. Of course this was largely unexpected by many. Read this article from the Financial Times.
This being said, it has been apparent to some that now is a great time to buy: Low interest rates, and low prices on homes. It may get a little better (especially in some areas) but by and large many are making cautious speculative calls that we are at or near bottom in many areas of the housing market.
It is very unfortunate the economic sector - primarily in it’s financial malaise due to the housing market - is not showing any signs of slowing.
It also appears that nobody really has a firm idea as to when and how our financial markets will stabilize.
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