According to this CNN article home sales are once again on the rise. This is the second straight month of improving home sales. During September, over 4.25 million houses were sold, each averaging about $171,000 in price. Over the past two months home sales have steadily rose, after July, where home sales plummeted. This is good news according to many economists, but home sales are no where near what they were before the recession, and still lower than even last year.
This seems like very good news to me. After like three years of hearing all negative things about the economy, it is nice hearing something good. I think you have to put this all into perspective though, the housing market is up 10%, but it was very low before this month. I believe that many people probably won't want to buy a house until they get a better job, as many people were laid off. Hopefully, the market continues to rise.
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