February Figures Move Slightly
March 20, 2009 2:10 am Information, Market Growth, News & Updates, Trends
The figures for the housing market for the month of February are surprisingly showing a slight move on the positive note which is being accepted by the industry with skepticism. Why, well maybe the system and people have finally accepted the fact that the market is going to take a long long time to recover and with other economic conditions and indicators showing otherwise, the minor move is a mere bump in the overall economic condition of the US.
The Housing market still has almost a whole year’s worth of excess new homes inventory and for all that to get a moving, people have to start buying. People are refraining from buying homes, and just about anything even with the thousands of dollars that have been offered in discounts and tax rebates. Even the homeowner’s assistance checks, part of the trillion dollar bailout are not helping much so there must be more than just a bump in the overall economic data for it to be really a sign of good news.