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Today's news on homes says December home sales fell to its lowest in forty years. The news wants to paint all doom and gloom but the facts are that December is always the slowest month of the year and because of the 8000.00 tax credit that went off December 1st it caused a glut of would be buyers in December to buy earlier in the year. It's no different than the cash for clunkers programs. Ask any car dealer how sales were the after the cash for clunkers program ended. Their sales were horrible for a few months. Plus Santa Clause is always tough to compete with.

With all this said December was slow and January will probably a little slow as well but I don't think any of this is cause for panic. We are in a slow recovery and as long as mortgage rates say steady things should move forward in the housing industry on a steady pace in 2010.

The biggest problem in the country is the lack of work. People need to get jobs and jobs will be the only thing that will make the country healthy.
Posted By - Duane Trinkle - 01/25/2010
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