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Home Resales Surge! WooHoo!!!

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Real Estate Agent with Keller Williams Realty Kingstowne/Alexandria, VA Office

Nice news. In fact US Equities are way up on the stock exchanges due to this welcomed news and the U.S. dollar may get a bit stronger over this news. It used to be that whatever happened to GM is what happened to the U.S. economy (paraphrase of famous quote). Now, it is the real estate sales industry and the new home construction industry that drives the economy. Check this link out from Marketwatch.com.

Existing Home Sales Increase

 

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Mike Morgan
Internet Marketing for Real Estate Agents and Brokers - Jensen Beach, FL

It's a false hope, because just like with GM, once the bonus money goes away, so does the market.  We are fooling with a free market economy, and racing toward something close to socialism . . . or worse.

Nov 23, 2009 02:24 AM