Is it here? Has it finally arrived? Is it the much wanted, needed, begged for light at the end of a bankrupt tunnel?
Is it, at last, our collective salvation from a year and a half of financial flu that threatens to turn people around the globe–or their investments at any rate–into dust?
Probably not. But now that I have your attention, it still is some good news, all things considered, of course.
In September, sales of new homes actually went up when most experts had predicted they would continue to go down. Surprise, surprise.
According to the Commerce Department, sales of new single-family homes went up by 2.7 percent!
But, there is, sad to say, bad news,too.
Median home prices, says the Associated Press report, dropped “to the lowest level in four years.”
So, there you have it.
For sure, some good news, but not likely enough to pull the world out from the ever deepening black hole.
And yet, it does give one hope (does that sound too much like Obama????) that maybe, just maybe, this mess will be with us for a much shorter period of time than previously predicted?
Photo Credit: Great Valley Center Image Bank