Perhaps we're seeing a first glimmer of light at the end of a very long tunnel as pending home sales rose for the first time in a year, according the the trade group, National Association of Realtors. Now for the bad news - this jump was a representation of August activity. The current crisis in the credit markets didn't hit until September. So it will be interesting to see what happens in the weeks to come.
It's very possible that home prices have sunk so low by now that people are starting to get in the game and come off the sidelines. The true test, however, will be whether or not those people are able to get approved for a mortgage from any of the leading banks left standing, like Bank of America, Wells Fargo, Citi and JP Morgan Chase.
People having a hard time dealing with rising mortgages have been using LeaseTrader.com as a way to transfer their car lease to someone else in the hopes that it will help them lower their bills.
This story posted by LeaseTrader.com, the automotive service company that lets people transfer out of their Car Leases early. If you're looking to swap a lease or transfer out of your car lease, please visit www.leasetrader.com