Home sales are rising and unemployment benefit claims are dropping; sounds like a recipe for economic recovery!

After three consecutive months of declining numbers on the sales of previously occupied homes, March of 2010 saw a significant rise in sales, according to the National Association of Realtors (NAR).

Economists believe the unexpected rise in sales was due to the expiration of the FED program that was keeping mortgage rates at or around 5% and the Homebuyer’s Tax Credit. 

With the spring season, comes the real estate season, and many analysts believe that it will be the busiest season that we have seen in some time, according to Stuart Hoffman, the chief economist at PNC Financial Services Group.

After weeks of steep inclines in the amount of claims for unemployment, the Labor Department stated that claims have fallen by 24,000. In addition, the amount of people that are continuing to claim unemployment benefits has declined by 40,000.

So there ya have it, two positive reports regarding the economy.  After hearing all the negative, hearing a little positive is a nice change.