With stimulus provided by the new homeowners tax credit, we saw an increase in home sales in the 3^rd Quarter of 2009. That is the good news. The bad news, prices dropped 11.2 percent from 2008 levels, ones anyone who watches real estate know were anemic.

Prices did rise in 30 of the 153 metro areas so that is a glimmer of hope, but the overall sales were on the lower end of the marketplace and directly related to the stimulus.

via NAR & therealestatebloggers.com

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