Joy in Mudville

If you're a New Yorker, there's joy in Mudville, so to speak, as the Yankees win another World Series. If you're a Realtor, you are rejoicing that the home buyer's credit was extended and expanded. Now, even current homeowners have incentives to buy up or buy elsewhere. This should help move housing stock not only at the lower end of the spectrum but higher price ranges as well.

If you follow me, you know that I maintain that good Realtors always find ways to sell houses even without a credit. However, if NAR statistics are correct, 2 million people were helped by the current credit, while the economy has been stimulated to the tune of $22 million. Extending the credit can only continue to help general economic recovery, as well as that in housing.

There is definitely joy in Mudville for Americans on the move and those who'd like to be.