Home Sales Rising: Is That Good or Bad?

Before you go, we thought you'd like these...
Before you go close icon
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 Estateguides 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.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

Find a New Home

Buy
Rent
Value
Powered by Zillow

From Our Partners