The types of homes that are actually selling

By Geert De Lombaerde Posted on October 28, 2009 at 8:06 am

Barry Ritholtz passes on some numbers about just where the rise in home sales is coming from this fall. Which raises the question of whether the housing market really is ready to stand on its two feet again. Those commenting here are of a pretty firm opinion that it isn’t.

Let’s think for a moment…70% of September sales $250,00 and under. Well of course! The $8,000 credit almost covers the down payment in this range (FHA 3.5%.) Now with a $15,000 credit we can start to move some of those @ $500,000.

Give me a break…

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Tags: Barry Ritholtz, economic indicators, housing market, residential real estate, The Big Picture