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Existing-Home Sales Decline Unexpectedly; Market Weak
cnbc.com ^ | 9/24/09 | moose2004

Posted on 09/24/2009 7:21:11 AM PDT by moose2004

After posting four straight months of gains, a survey showed Thursday that sales of previously owned U.S. homes unexpectedly fell in August, a minor setback for the housing market's recovery from a three-year slump.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: housing; sales; useconomy
Please take note of the word "minor" in the body of this thread, yet again the MSM trying their damn best to minimize bad news. By the way Reuters, did your economic writers notice that the DOW was up 40+ points before this housing number was released on minutes ago? It's now down 45.
1 posted on 09/24/2009 7:21:11 AM PDT by moose2004
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To: moose2004

Everything’s UNEXPECTED !


2 posted on 09/24/2009 7:22:23 AM PDT by traumer
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To: moose2004

No green shoots for you. Soup czar nazi.


3 posted on 09/24/2009 7:23:45 AM PDT by equalitybeforethelaw
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To: traumer

You’re right. Initial jobless claims down, UNEXPECTED GREAT NEWS, OBAMA’S ECONOMIC POLICIES ARE WORKING, home sales down, UNEXPECTED BAD NEWS BUT ONLY MINOR. Pathetic


4 posted on 09/24/2009 7:24:56 AM PDT by moose2004 (Stand up, speak out and stop Obamacare and GE)
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To: moose2004

Does this mean that we have now worked through the “mobile” market and are now in a situation where many people are not moving because they are locked-in to their jobs / locations?


5 posted on 09/24/2009 7:25:18 AM PDT by taxcontrol
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To: equalitybeforethelaw

LOL!


6 posted on 09/24/2009 7:25:49 AM PDT by moose2004 (Stand up, speak out and stop Obamacare and GE)
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To: moose2004
Hey, the gang on MSNBC with that phony piece of crap Scarborough.....saying how there was great news today in the unemployment numbers, what a joke! These same people used to complain because there was only 250,000 jobs created in a month under Bush, less than expected they used to say...roll eyes

And they love that filthy piece of crap George Will also

7 posted on 09/24/2009 7:26:10 AM PDT by Friendofgeorge ( Yes I Love Sarah Palin!! I wish she were mine.)
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To: moose2004

US stocks turned lower Thursday following a disappointing reading of home sales that deepened investors’ worries about the broader U.S. economy.

Major indexes posted early gains but saw them evaporate after the National Association of Realtors said that sales of existing homes fell 2.7%in August to a seasonally adjusted annual rate of 5.1 million homes, snapping a four-month streak of rising activity that analysts expected to continue in the latest reporting period.


8 posted on 09/24/2009 7:26:33 AM PDT by kabar
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To: moose2004

If the dip can just hold out 1 more year I’ll have the most beutiful house in Fairfax. If only the economy can just KEEP ON TANKING so that I, ME, I, can have a gorgeous house at a bargain.


9 posted on 09/24/2009 7:27:28 AM PDT by domenad (In all things, in all ways, at all times, let honor guide me.)
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To: traumer

If you wait for stories to always fall in your lap everything is unepected. But this wasn’t unexpected,
the first time home buyer program is set to expire
soon.


10 posted on 09/24/2009 7:27:45 AM PDT by Dem Guard
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To: taxcontrol

I don’t know because all this “good news” from the WH and MSM is making me so happy I can’t think straight. (Massive Sarcasm alert


11 posted on 09/24/2009 7:27:56 AM PDT by moose2004 (Stand up, speak out and stop Obamacare and GE)
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To: equalitybeforethelaw

In a year’s time America may well have a ‘Soup Czar’ :0(


12 posted on 09/24/2009 7:27:58 AM PDT by agere_contra (NO COUNTRY SHOULD BE FORCED TO ACCEPT THE TYRANNY OF ITS OWN PEOPLE /Obama)
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To: Friendofgeorge

I think it’s pathetic that MSNBC promotes Joe as a “conservative,” he’s as much a “conservative” as his co-hosts Mike Barnicle and Harold Ford, Jr are.


13 posted on 09/24/2009 7:31:49 AM PDT by moose2004 (Stand up, speak out and stop Obamacare and GE)
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To: agere_contra

Bzck off agere-contra, I already have my resume in for soup czar position in the White House. I am in head to head competition with UAW who thinks they own the place. Shoosh, buy them an automobile company and they think they are gods. Asshats.


14 posted on 09/24/2009 7:42:47 AM PDT by equalitybeforethelaw
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To: moose2004
"Things are awful, but slightly less horrific than we expected, but we withhold the right to revise our estimates later!"

Hard to spin this as good news, but the MSM is doing its best. Wonder how long it will take for people getting laid off to figure out that CBSNBCABC don't have their best interests at heart?

15 posted on 09/24/2009 7:48:45 AM PDT by wbill
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To: moose2004

BBBBBBut Ben and Barry said that its over?


16 posted on 09/24/2009 7:51:53 AM PDT by editor-surveyor (The beginning of the O'Bomb-a administration looks a lot like the end of the Nixon administration)
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To: agere_contra
"In a year’s time America may well have a ‘Soup Czar’"

And the gov't will publish "1000 ways to use powdered nonfat milk to enhance Hamburger Helper."

17 posted on 09/24/2009 7:56:50 AM PDT by editor-surveyor (The beginning of the O'Bomb-a administration looks a lot like the end of the Nixon administration)
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To: domenad

Me too. I’m in a small house with my 4 growing kids that is almost paid off (well, 6 years left of a 15 year mortgage) and I want to move to a larger home without selling my current one—lower home prices are great!


18 posted on 09/24/2009 8:16:10 AM PDT by olivia3boys
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To: wbill

The amount of “good news” coming from the WH and MSM today (MSNBC, CNBC, CNN for the most part) is numbing, I don’t think I’ve ever been this optimistic and happy in my life! (incredible huge sarcasm alert)


19 posted on 09/24/2009 8:23:23 AM PDT by moose2004 (Stand up, speak out and stop Obamacare and GE)
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To: editor-surveyor

Don’t leave out Tiny Tim Geithner.


20 posted on 09/24/2009 8:23:59 AM PDT by moose2004 (Stand up, speak out and stop Obamacare and GE)
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To: editor-surveyor

“Ben and Barry” — isn’t that some brand of left-wing ice cream?


21 posted on 09/24/2009 8:24:12 AM PDT by wildandcrazyrussian
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To: moose2004

Unexpected by whom?


22 posted on 09/24/2009 8:26:10 AM PDT by Jim Noble (I hope Sarah will start a 2nd party soon)
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To: wildandcrazyrussian
"isn’t that some brand of left-wing ice cream?"

No, its Vaseline with sand.

23 posted on 09/24/2009 8:28:28 AM PDT by editor-surveyor (The beginning of the O'Bomb-a administration looks a lot like the end of the Nixon administration)
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To: Jim Noble

Obama fans at MSNBC, CNBC and REUTERS.


24 posted on 09/24/2009 8:35:40 AM PDT by moose2004 (Stand up, speak out and stop Obamacare and GE)
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To: moose2004

Who in the H#LL are these idiots trying to convince when they express “unexpected” in EVERY D@MN downhill economic news story? When things are rolling downhill, how can you be surprised when you continue to go DOWNHILL?

Our economy is NOT going up - it is on a steady path of DOWN and will continue until the Marxist/Socialist/Communist in the White House starts talking and acting like a Capitalist!

Period! End of story!


25 posted on 09/24/2009 8:53:28 AM PDT by ExTxMarine (Hey Congress: Go Conservative or Go Home!)
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To: moose2004

[I think it’s pathetic that MSNBC promotes Joe as a “conservative,”...]

You have heard of Reagan Democrats, right; well Joe is a McCain Republican (you know, Democrap Lite)!


26 posted on 09/24/2009 8:55:53 AM PDT by ExTxMarine (Hey Congress: Go Conservative or Go Home!)
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To: moose2004

Yes, it is just a minor thing, but what about the article that just came out that says “Analysts say 7 million soon-to-be foreclosed properties have yet to hit the market.” Here is the link in crude form (sorry): http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches.aspx?post=1288816&_blg=1,1288816


27 posted on 09/24/2009 8:57:57 AM PDT by LuvFreeRepublic (Hey stupid people, CAN YOU HEAR US NOW!!!)
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To: ExTxMarine

“You have heard of Reagan Democrats, right; well Joe is a McCain Republican (you know, Democrap Lite)!”

LOL!


28 posted on 09/24/2009 9:19:16 AM PDT by moose2004 (Stand up, speak out and stop Obamacare and GE)
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To: moose2004

yet again the MSM trying their damn best to minimize bad news.
++++++++++++++

Trying to insert themselves into the news...the arrogance..

The DOW is now down 60 points (.6%), while the S & P is down almost twice as much 1.2%..


29 posted on 09/24/2009 11:47:00 AM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773!)
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To: Dem Guard
If you wait for stories to always fall in your lap everything is unepected. But this wasn’t unexpected, the first time home buyer program is set to expire soon.
++++++++++++

Combined with the expiration of the phony cash for clunkers, the expiration of the Bush tax cuts, continuing high UR, lack of consumer confidence heading into Christmas - what exactly is the WH and Bernacke cheering?

I think they can only get their sound bites ahead of the numbers for so long. What's next? Blaming the economic doldrums on racism?

Oh - I shouldn't have suggested it!


30 posted on 09/24/2009 11:52:37 AM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773!)
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To: agere_contra
In a year’s time America may well have a ‘Soup Czar’ :0(
+++++++++++++++

Soup Kitchen Czar


31 posted on 09/24/2009 11:54:55 AM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773!)
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To: equalitybeforethelaw

buy them an automobile company and they think they are gods.
++++++++++++++++

Seem to be a lot of people on the left that think that..


32 posted on 09/24/2009 11:56:28 AM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773!)
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To: wbill

Wonder how long it will take for people getting laid off to figure out that CBSNBCABC don’t have their best interests at heart?
+++++++++++++++

Right. Especially as they snicker on about the ‘economic recovery’ that’s clearly underway, et al.

Jobless Economic recovery?
Double Dip (very deep) recession?
Massive Government debt that is NOT DOING ANYTHING TO CREATE JOBS

Just some of the headlines we’ll never see or hear out of the former MSM.


33 posted on 09/24/2009 11:58:36 AM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773!)
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To: editor-surveyor
--"In a year’s time America may well have a ‘Soup Czar’"

**And the gov't will publish "1000 ways to use powdered nonfat milk to enhance Hamburger Helper."
++++++++++++++++++

There will be lots of this to hand out:


34 posted on 09/24/2009 12:01:36 PM PDT by SeattleBruce (God, Family, Church, Country - Keep on Tea Partiers - party like it's 1773!)
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