For this weeks blog, i will be doing Review an Article from the USA Today Money Page. Can home market bounce back without more help? The housing market was supposed to be picking up. The year is ending on a brighter note than it began. Sales of existing homes are running at the highest pace in more than two years. Inventory of unsold homes is the lowest in more than a year. And home prices are falling at a much slower pace than they were this time last year. This is all due to the goverment assassistning with home buyer tax credit. Next year should be a roller coaster, likely to bring only slight improvement, given high unemployment and tight credit. For now, the housing market is feeding on the home buyer tax credit, falling home prices and low mortgage rates. Average rates on 30-year mortgages have been about 5% this fall.
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