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10 Signs the Recession is Over

Zac Frank | Chef's Blade

4. Home Contracts


The real estate business is what got us into this mess in the first place. With the explosion of unqualified buyers purchasing homes they quickly couldn’t afford, the housing market crumbled and values plummeted. The tight credit that accompanied it meant no buyers to immediately pick up the slack.

Gradually, it has bounced back. October was the eighth straight month in which contracts to buy previously owned homes rose. That doesn’t presage a new real estate boom, but at least shows that lending is not moribund.


5th Sign: Building→