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Can this 2 year housing spike last?

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Group Member
Oct 23, 2009 9:23:50 AM
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GOOD HOUSING NEWS!! (edit/delete)

I love news like this but can it be sustained through 2010 without government help?:

WASHINGTON - Home resales rose in September to the highest level in more than two years, beating expectations, as buyers scrambled to complete their purchases before a tax credit for first-time owners expires.

The National Association of Realtors said Friday that sales rose 9.4 percent to a seasonally adjusted annual rate of 5.57 million in September, from a downwardly revised pace of 5.1 million in August. Sales had been expected to rise to an annual pace of 5.35 million, according to economists surveyed by Thomson Reuters.

Gloria at Coldwell Banker in Hillsborough/Montgomery

Group Member
Oct 24, 2009 11:09:06 AM
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Hi Gloria,

I am very happy that your real estate is going through the roof, but down here in the southeast, it's not so great. In fact, I have had one of my worst years since 1992, when I started. May all of the other areas have great sales too.

Genie Lancaster

Lancaster Realty

genie@genielancaster.com

9102334333

www.genielancaster.com

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