Published by admin on December 23,2009
An article on the front page of today’s Wall Street Journal entitled “Home Sales, Prices Brighten” attempted to share some positive news regarding the US housing market.
The median home price in the US as reported by the National Association of Realtors is up to $172,600 - this is the first increase since June.
This sunny news is underscored by the fact that there are rumors of a “new wave of foreclosures” that are said to be going to hit the market at some point in the future and the fact that billions in government aid have already been burned.
Things that are still unknown before we can say we are out of the woods completely:
All in all only time will tell.