The state of the economy, falling wages, and rising unemployment have had a dramatically negative impact on homes sales over the past year, but several factors have recently contributed to a turnaround in the home market. However, the 0.7 percent gain in home sales that was seen last month was far below what analysts on Wall Street expected.
New-home sales increased in August to 429,000, up from the 426,000 homes that were sold in July, according to statistics released by the Commerce Department. Although it was the fifth consecutive month to feature an increase in home sales, the percentage of growth …read more

The National Association of Realtors has reported a surprising increase in home sales throughout the Midwest, a market that began to recover as early as the end of last year. This gain of 3 percent in the Midwest marks the very first increase since September of last year, signaling the potential for more widespread recovery.
Analysts have credited affordable home prices and a consumer awareness that prices may be at their lowest for a rebound in home sales. The Midwest, which includes twelve states, has seen prices fall an average of 9 percent from last year to now, with $157,000 standing …read more

A few months ago, the United States seemed to be on the brink of having a full-blown housing crisis. Now, things have started to look better for the nation’s housing market, according to the latest numbers by the National Association of Realtors.
For three straight months, houses that were previously occupied showed an improvement in sales. The number of houses on the market and sales of houses in foreclosure are both in decline — which is definitely good news.
Despite the good news, there’s also a few pessimistic experts. How will the United States housing market be affected when the $8,000 tax …read more