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Thread: U.S. existing home sales seen at highest since July 2007

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    U.S. existing home sales seen at highest since July 2007

    U.S. existing home sales seen at highest since July 2007 - Yahoo! News

    Reuters 6 minutes ago

    Sales of existing U.S. homes likely rose for a second consecutive month in October, reaching their highest since July 2007, according to a Reuters poll, as buyers scrambled to take advantage of greater affordability and a first-time home buyer tax credit.
    I just thought it would be nice to post some good news.
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    Re: U.S. existing home sales seen at highest since July 2007

    Existing home sales for October hit an annualized rate of 6.10 million units, which is well above the rate of 5.70 million that had been widely forecast. Month-over-month, existing home sales spiked 10.1% -- they were expected to climb 2.3% month-over-month

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    Re: U.S. existing home sales seen at highest since July 2007

    good luck tyring to convince folks the housing market is all pink and pillowy

    from cnn: "foreclosures: worst 3 months of all time"

    Foreclosures hit record in third quarter 2009 - Oct. 15, 2009

    the last 3 months saw an increase of 5% over the previous disastrous quarter

    up 21% from the horrible year before

    despite obama's Making Homes Affordable foreclosure prevention program

    and, according to realtytrac, the reality is even worse

    bankers have so many abandoned bungalows on their books, they're forestalling

    walk aways are "skyrocketing"

    and the future looks even darker---the fastest growing subgroup STILL (it seems we read this every 3 months) is the 180-plus days late category

    it's gonna get worse, with no bottom in sight

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    Re: U.S. existing home sales seen at highest since July 2007

    more good news.

    Economic survey: Job losses to bottom out in 1Q


    <Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010, but they predict consumers will continue to keep a tight rein on spending, according to a new survey.

    While signs have pointed to the end of the recession, joblessness remains rampant. The national unemployment rate jumped to 10.2 percent in October, the highest in 26 years. About 9 million people currently receive unemployment benefits.

    The November outlook by the National Association for Business Economics, which is set to be released Monday, shows economists expect net employment losses to bottom out in the first quarter of next year. Employers are seen starting to add to their payrolls after that.>


    Economic survey: Job losses to bottom out in 1Q - Yahoo! News
    I am a man of fixed and unbending principles, the first of which is to remain flexible at all times.

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    Re: U.S. existing home sales seen at highest since July 2007

    Quote Originally Posted by The Prof View Post
    good luck tyring to convince folks the housing market is all pink and pillowy

    from cnn: "foreclosures: worst 3 months of all time"

    Foreclosures hit record in third quarter 2009 - Oct. 15, 2009

    the last 3 months saw an increase of 5% over the previous disastrous quarter

    up 21% from the horrible year before

    despite obama's Making Homes Affordable foreclosure prevention program

    and, according to realtytrac, the reality is even worse

    bankers have so many abandoned bungalows on their books, they're forestalling

    walk aways are "skyrocketing"

    and the future looks even darker---the fastest growing subgroup STILL (it seems we read this every 3 months) is the 180-plus days late category

    it's gonna get worse, with no bottom in sight
    There is always some one who, when presented with good news, will have to find something to complain about. This is good news surrounded by lots of bad news. No one is claiming different. I choose to be glad that there is some good news, you are free to continue to complain that everything is not all happiness and flowers.

    By the way, paragraphs and sentences would do wonders to make your posts readable.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham
    Ive always believed that America is an idea, not defined by its people but by its ideals. - Lindsey Graham

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    Re: U.S. existing home sales seen at highest since July 2007

    Quote Originally Posted by Redress View Post
    There is always some one who, when presented with good news, will have to find something to complain about. This is good news surrounded by lots of bad news. No one is claiming different. I choose to be glad that there is some good news, you are free to continue to complain that everything is not all happiness and flowers.

    By the way, paragraphs and sentences would do wonders to make your posts readable.
    It must suck to be a winger these days, you have to cheer when our troops have a set back, cheer when employment goes above 10%.

    Hope upon hope that the President finds a little fat intern and …well this isn’t the basement.
    I am a man of fixed and unbending principles, the first of which is to remain flexible at all times.

    Sen. Everett Dirksen.

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    Re: U.S. existing home sales seen at highest since July 2007

    Quote Originally Posted by Redress View Post
    There is always some one who, when presented with good news, will have to find something to complain about. This is good news surrounded by lots of bad news. No one is claiming different. I choose to be glad that there is some good news, you are free to continue to complain that everything is not all happiness and flowers.

    By the way, paragraphs and sentences would do wonders to make your posts readable.
    it has nothing to do with me

    nor syntax

    it's all about---no bottom in sight

    sorry

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    Re: U.S. existing home sales seen at highest since July 2007

    Prof sees no bottom.

    But what does that say about price?

    Has volatility been reduced, or is this all just smoke in mirrors?

    So back to price.

    If a bottom has yet to be reached...

    Won't prices have to fall significantly
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. existing home sales seen at highest since July 2007

    realtytrac sees no bottom in sight

    ask them

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    Re: U.S. existing home sales seen at highest since July 2007

    Quote Originally Posted by The Prof View Post
    it's gonna get worse, with no bottom in sight

    Gee, I can't wait till you and your cronies are in power again.

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