Home Sales Rise

[flip_it_fast]

Great news, for the second month in a row home sales were up. Does that mean we are in the achingly slow process of making ahousing recovery? I sure hope.

Sales of existing homes were up by 10% percent last month.

Sales of previously owned homes rose 10% to a seasonally adjusted annual rate of 4.53 million units last month, the National Association of Realtors reported Monday. That was up from a 4.12 million rate in August.

In July, home sales had sunk to their lowest in fifteen years dropping 27%.

Experts say that a recovery is underway but that it will be choppy sometimes. We are going to highs and lows before it all levels out and gains steadily.

[flippinout]

I have read a lot about the housing recovery and it is supposed to be slow and quite rocky at times.

Though how the ones in the know expect a quick recovery would really make me wonder what with the unemployment rate and the cost of living inching its way forever upward. People just cant afford to buy right now, and I dont see it improving any time soon unless we are given back the jobs that have been lost.

And those jobs that have been lost seem to have permanently disappeared. So I dont expect a recovery in the housing market for quite a long time. I hope I am wrong with this idea, but the way things look now, Im probably not.