This article on CNN titled “Home Sales Rebound to Highest Level in Two Years” illustrates that the market continues to show strong signs of potential recovery, however, a lot of this increase can be attributable to buyers capitalizing on the first-time homebuyer tax credit, which expires the end of November.  Fourth quarter 2009 and first quarter 2010 should provide a much clearer picture of the health of the housing market.

This entry was posted on Friday, October 23rd, 2009 at 1:18 pm and is filed under Market News & Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.