Lake Tahoe Real Estate- A Postive Outlook for Real Estate this Yearby Bonnie 
Pending home sales had a huge decline in November. Fortunately, a bounce back on purchase contracts occured in December, which gives an outlook of an even stronger spring market. As a matter of fact, pending sales contracts were 11% higher this past December compared to those of 2008. Extended tax credits will stimulate 2.4 million slaes in 2010, which will have a huge effect on closed sales in the next several months. Also, our economy is showing signs of unexpected growth. The gross domestic product grew at a rate much faster than the consensus forecast by economists. A faster rebound for the manufacturing employment sector is also important to real estate. Manufacturing order were up 4% in January and hit the highest point since August of 2004. Applications for mortgages to purchase homes took off big time, an increase of nearly 18% for the week.
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