Home sales in October were so great. It looks to be that the economy has done really well and is still recovering nicely. Home sales of 5.26 million the most since last year in September and October is not normally a great time for home sales. It shows the huge strength in the consumer and that people feel more comfortable in moving and making large purchases. Next year I think it will continue to improve and that rental property will have its bubble burst. People will want to own homes again and they will have more money and more secure jobs allowing them to buy houses.
Not sure if they will want to buy new houses though or will want to buy the glutted amount of existing homes for sale. We will see and I am going to invest accordingly that the home sales will continue to increase.
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