According to recent home selling statistics just released, new home sales percentages were up 27% from the previous record month low. Will the positive home selling trends continue next month or even next year? We shall see if these tax credits, low rates, and government insured high loan to value loans will continue later in the year which may continue to stimulate the home selling market.

As home sales were already near all time lows, an increase in sales activity was more likely as they were more likely to only get better in the near term due to the recent tax credits offered to home buyers, low interest rates, government insured mortgage loans up to almost 97% (to $729,750), and a slighly improving jumbo mortgage loan market due to the increase in the number of private equity investors who are beginning to purchase these same jumbo loans in the secondary markets.

Unemployment numbers continue to worsen though nationwide so hopefully the job market begins to improve so consumer spending and our entire economy may strengthen.