The bailout may be responsible for this sudden rise in the figures pertaining to new home sales for last month showing some positive movement. It may be too early to say if it is indeed the much awaited recovery but it went as soon as it came. People have been looking hard at the figures with skepticism and with good cause. They were right and the move was a simple glitch in the prevailing mood of the real estate market. Maybe the economic bailout is having a somewhat temporary effect on the economy that is being reflected in these figures, time will tell. (more…)