More Reading!
I was reading the other day that homes sales where on the rise again. In some parts of Florida home sales are up over 60 percent. And the main reason for that is discounted homes. There are homes selling that where once $300,000 for $100,000 now. Banks are still looking to get these homes off there books. A lot of these homes where repossessed from the builders. And now that the home sales are going up, means people are coming back to the area. This is great for the economy in that area, but still not so great in the rest of the world. I also heard that Greenspan wrote that home price will be stabile and will likely show a comeback. But then I think to myself, what does he really know, he was part of our problems. I sure hope he’s right though, we can’t stay like we are now, hurting. I wonder what he has to say on life insurance rates, not really, I don’t think Greenspan is the best person to be talking about anything right now.
