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: Instapundit.com

SO IS THIS GOOD NEWS, OR BAD NEWS? Cash deals raise January sales of existing homes, report says. ?

By Glenn Reynolds

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SO IS THIS GOOD NEWS, OR BAD NEWS? Cash deals raise January sales of existing homes, report says. “Sales of previously owned homes increased nationwide in January, driven by all-cash purchases that suggest investors are chasing after foreclosures and other bargains in an ailing housing market, an industry group reported Wednesday.” I guess it’s good news, as this is part of clearing the market. But it’s not really a sign of a recovery, yet.


Full post as published by Instapundit.com on February 24, 2011 (boomark / email).

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