March 25, 2009

New Home Sales Jump in February Suprising Many

New homes sales up, but it may not mean real recovery

Surprising numbers were released in terms of new home sales in February. Indeed, there was a rebound from the lows seen in January. This is providing some hope that the housing market -- and the economy with it -- might be on the verge of recovery.

However, this jump in new home sales may not last. Many are taking advantage of the low interest rates and home prices right now, looking for bargains. The concern is that if home prices stop falling and interest rates start rising, there could be continued declines in new home sales.

Another item that could compete with new homes sales is the fact that existing home sales -- especially foreclosures -- could compete with new homes sales.

Topic Tags: existing homes sales, foreclosures, home sales, housing market, new homes sales, real estate, ski resort, ski resort real estate

by Ski Resort Markets

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