real estate and the economy

http://www.nytimes.com/2009/05/05/business/economy/05turnaround.html?_r=2&hp



This article is about the signs of recovery for real estate. Investors and first time buyers are starting to compete for bargain prices on foreclosed houses. Competition helps the economy because it makes prices higher and spending money instead of everyone saving money helps make money circulate through the economy.

In March, houses baught was raised 35 percent from last year, in places such as California, Las Vegas and Florida. A raise in houses being sold and baught is going to help the economy a lot, for investors and banks, because they have to give loans and collect mortages. Housing also helps the stock market a lot. So this should help our struggeling economy.

I chose this article because it has a lot to do with our sturggeling economy and it is showing a way that the economy might be looking a little better. I agree that houses being sold more is going to help the economy and hopefully this is just the beginning for the economy to start looking better. This information was presented fairly, it does give you hope that the economy will some day soon start to get better and we won't always be in this slum.

I would use the New York Times again, it is a reliable source and it has interesting articles.