Home sales are continuing to improve for the fourth consecutive month.  New homes sales were at 9.6 % for July.  The $8,000 incentive for first home buyers appears to have contributed to the gain as the sale of homes under $100,000 was up 39%.  And, as more homes were sold, home prices also rose slightly.  This is a positive sign for the economy.

In Omaha NE the market never got as bad as in many places in the country and the $8,000 tax credit has helped to keep sales going. We will see what happens in December when the tax credit expires.