Quote of the day: Don't get excited.

“When you go from nothing happening and the economy crashing to some activity, it is great, but it’s nothing to get all excited about.”

– Keith Stewart, a mortgage consultant with NorthPoint Lending Group, commenting on increased activity among first-time home buyers in a Chicago Journal article. Stewart warns that some of the statistical rise could be attributed to perennial “seasonal strength in the warm spring and summer months.”

The Journal article suggests that after three years of price declines, conditions are good for first-time buyers to make a purchase, and there are only a few months left before the $8,000 tax incentive for first-time buyers expires on December 1.

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