Saturday, March 28, 2009

The Housing Market Stirs

The housing market is stirring in California and in the Northeast.

The recession has brought down prices, combine that with lower interest rates and a tax credit to new home buyers and voila.

Jobs and the housing market are key to an economic recovery. A piece of the puzzle is showing some signs of life.

Reuters: Pockets of strength push US housing market rebound
Sharply lower prices, record low mortgages interest rates, and the government's $8,000 tax credit for first-time home buyers have been the key to increasing home sales in California.

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