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

Redress

Liberal Fascist For Life!
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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
 
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
 
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
 
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.
 
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. ;)
 
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
 
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;)
 
realtytrac sees no bottom in sight

ask them
 
realtytrac sees no bottom in sight

ask them

But we must first define what is a bottom....

Is it price relative?

What do you think Prof:2razz:
 
The few people with some money are buying foreclosed homes for a song. How is this suppose to be exciting news?
 
The few people with some money are buying foreclosed homes for a song. How is this suppose to be exciting news?

It's better these foreclosed homes aren't purchased?

There are 8 homes in my neighborhood for sale. 2 are short sales and 6 are foreclosures. I don't think I have been a real "for sale by owner" home in quite some time.
 
Buying foreclosed homes dimes on the dollar isn't exactly a rebound in the housing market.

When housing starts pick up and home values return to a point that people can actually sell their homes if they want to...that'll be a fine day.

Meanwhile, everyone who bought a house in the last five years that didn't put 20 percent down is upside down in their mortgage still, and shaking in their boots that they might lose their job and have to file bankruptcy.
 
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