It seems like this housing market we are currently in is seeing its ups and downs. We are continually seeing changes in how the market is changing. Currently we are seeing a decrease in the number of existing homes sales.
Pending sales of existing homes surprisingly rose in October despite banks' temporary halt on foreclosure activities. The positive news bolstered hopes for a possible market recovery.
Home sales are beginning to slow and because of the ending of the federal tax credits. One major issue with this is that builders are continuing to build and inventories are still growing.
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