One basic principle of economics that does not change is that prices respond to supply and demand. The recent downturn in the housing market is directly attributable to a drop in demand as a result of a more conservative approach to home mortgage lending. Over time, however, supply corrects itself to the new level of demand. This [...]
In: Housing Recovery
21 Aug 2009Have you been searching for clear signs that the recession is finally ending? Have you wondered if now could be the right time to buy a new home? Well, put down your magic 8 ball because June and July brought two very clear signs that provide encouraging prognostications. First Sign: New home sales are up [...]
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