Not quite a rebound yet...
Just when you thought the housing market was coming out of the doldrums, things are looking a little less healthy for the year.
Yes, signs are that many more homes are being sold -- 95 percent more compared to December of 2007. Many first-time home buyers and investors have jumped into the market looking for deals.
That's all great.
But a word of caution.
People that study this stuff are wary of the effects of the recession.
People are worried about their jobs. And in that environment, things cold get ugly again as people stay away from the market.
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Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.
Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
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Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
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Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
How long before all the people who were foreclosed will have the credit to get back into the market?