Financial Cookie Jar

Recession worries continue to subside as reports announce home prices rose 1.2% in July – the most since October 2005. Rebounding housing prices are a key signal in an economic recovery. Perhaps the recession is coming to and end.

The $8,000 first-time house buying credit is set to expire this November. This has helped boost staggering home sales in the first-time buyer market. There has been talk that the housing credit may be extended to encourage continued home sales.

All cities U.S. have not seen equal results. Those areas which have been hardest hit are still seeing sluggish sales and price rebounds.

All signs are not fully pointing towards a full economic recovery. The latest reports indicated that consumer confidence fell from August to September. Analysts were expecting higher consumer confidence numbers in September. Unemployment also remains at its’ highest point in years. The economic recovery appears to have slowed down, but headed in the right direction.