Published April 2nd, 2009 by Mickey
February Trends False-Positive
As expected and foreseen by experts, the mild gains made by the housing market last month have been everything but permanent as the housing market continues on it’s plunge. Prices have leveled off which may be enough good news to compensate for the many who rely on the business for their income. Experts were right when they met the news with caution and with good reason, too high an expectation may send the market down than up. The figures last month were indeed a simple jump in sales and home prices but they lasted as fast as they came, a few weeks, with the rest of the bad economy dampening the gains made.
The figures for March continue the trends of past months with dismal results and not much to show in progress. Life is back to normal, all miserable and having to fence of foreclosure. Some good news though, mortgage rates have gone down and are making it easier for new home buyers to benefit from the trend. Sales are there, just barely able to register as positive sales to counter the downward trends. The construction business has suffered greatly from the downward trends and have caused a lot of job losses all over the place. Sending more to unemployment lines that are already swelling with those who are claiming benefits. The economy is sort of leveling off, but with a new forecast pandemic being caused by the “swine flu”, which is once again dampening gains all over the many economic fronts, it may take a bit longer for recovery, just hope not too long.