Sunday, February 07, 2010

Has the house market rebounded?

There's new evidence the housing market is healing after a four-year slump, according to The Wall Street Journal's quarterly housing survey.

According to the National Association of Realtors existing-home sales rose in November, increasing 7.4 percent from the previous month to a seasonally adjusted annual rate of 6.54 million units. November resales were a whopping 44.1 percent higher than the level a year ago.

The question is, how will the market be once the tax incentives have ended? Most of the findings I have been reading say that things might slump somewhat, but should stabalize do to the overall rebounding economy.
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