Home sales rise as unemployment claims fall

More good news everyone. Good news is relative but there is no doubt that the economy is in a constant state of flux. When will we ever get back to where we were 20 months ago? Never.

This is a great article where the operative word is “modestly”. Remember folks, it is what it is. I’ve said it a million times, get used to living like we did in the ’70’s and get over your dependance on credit!

Christopher S. Rugaber, AP Economics Writer – Thursday April 22, 2010

WASHINGTON (AP) — Home sales rose sharply last month and claims for jobless benefits fell last week. The two reports Thursday sketched a picture of a modestly improving economy.

Sales of previously occupied homes increased more than expected in March after three straight months of declines, the National Association of Realtors said. The housing market benefited from government incentives that drew in buyers.

Purchases jumped 6.8 percent to a seasonally adjusted annual rate of 5.35 million last month, the highest level since December. The median sales price was $170,700, nearly unchanged from a year earlier.

Some economists expect healthy sales to continue, but caution that a clearer picture of the housing market will emerge after federal tax credits expire at the end of this month.

Read more at YahooFinance.com

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