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.
The downward spiral of new home prices are still at a constant downward fall with no end in sight. Property values are also fluctuating day by day as the economy moves towards an end should it come this year or the next. The only exact figures is that jobless rates are still on the rise and the many people who have lost homes, defaulting their mortgages are also swelling evident in the many web sites such as Foreclosures.com, which shows the millions of homes in the system. An end is coming, when is the question with no solid indicators of such yet, so hope is still in the air, just hope it doesn’t run out.