Housing market shows signs of strength
13th July 2009
Recent number have shown that the housing market is on a slow but steady rise. The number of houses forsale has gone up in recent months. This can be contributed to the great decline in housing values. There is also too a point to be made about lending. It used to be very easy to get a mortgage loan or refinance. Now credit lines have frozen. We are slowly seeing a thawing of this as bank realize that not all borrowers are the same. Soon the days were money flows through the economy will come again.