If our government continues to ignore our budget problems that we have today, we will be in the same credit classification as Greece. Once we loose our credibility, things will be more expensive. Something has to be done.
Although our budget is operating at a 60 % deficit, home sales have increased and is on track to out perform last year. This increase is fueled by homes being more affordable, historically low interest rates, and lower unemployment, according to Lawrence Yun, NAR Chief Economist. April did show signs of our economy improving but the housing industry is still fragile.
Even though we have an increase in sales, the values of the homes have dropped 3% in the first quarter of 2011, which makes this decline the largest since 2008.
With all this going on, it’s still a great time to make that investment in the “Great American Dream”.
- Is the market recovering?(jefftung.net)
- Affordability to Drive Home Sales Growth(katytx2010.wordpress.com)
- Pending home sales rise again in March(georgegmiller.wordpress.com)
- Is the market really turning around?(jefftung.net)
- Sales Volumes Might Be Up, But Home Prices Continue Falling(blogs.wsj.com)
- Existing-home Sales Rise 8.3% in Q1; Many Foreclosures Snapped Up by Investors(nocohomes.wordpress.com)
- US NAR:Pending Home Sales +5.1% In Mar, Up 24% From Mkt Bottom (forexlive.com)
- March pending home sales climb 5.1%(marketwatch.com)
- Raleigh Homes: New Construction is Looking Up in 2011(greenergrassrealestate.wordpress.com)
- EU: Greece must implement more austerity measures(marketwatch.com)
- Greece May Need to Make More Savings for Aid, Schaeuble Says (businessweek.com)
- Greece Set to Miss Deficit Targets(online.wsj.com)
- Europe Will Need to Dig Deeper for Greece(online.wsj.com)
- Greece’s debt crisis(theglobeandmail.com)
- ‘Austerity’ in Greece worsens their hole(crooksandliars.com)
- Greece Sells EU1.63 Billion of Bills as Demand Falls(businessweek.com)
- Greece Budget Deficit worse than forecast(calculatedriskblog.com)
- Why Greece’s Debt Crisis Matters (Again)(curiouscapitalist.blogs.time.com)
- Why Greece’s debt crisis matters (again)(curiouscapitalist.blogs.time.com)