Home Sales Rising: Is That Good or Bad?


Home sales are up, but economists are far from pleased. Despite a 10 percent rise in existing home sales in September, many housing analysts believe the housing market is once again deteriorating.

A rise in new home building usually helps lead the way out of a recession by providing jobs for workers in the construction and building supplies industries. That hasn't happened during this recovery.

While a few areas of the country, such as Washington D.C. and Texas, are showing housing gains, many others are floundering. Now some economists are predicting that a housing recovery won't kick in until 2012. That's because housing sales -- although improving month to month -- are still way below those of even a year ago.

That means there's still a chance they could plummet again.

These AOL Real Estate guides offer more insights, whether you're in the market to buy, rent or sell:

More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Get property tax help from our experts.

 

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