Skip to comments.Existing-Home Sales Decline Unexpectedly; Market Weak
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 ...
Everything’s UNEXPECTED !
No green shoots for you. Soup czar nazi.
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
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?
And they love that filthy piece of crap George Will also
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.
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.
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
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
In a year’s time America may well have a ‘Soup Czar’ :0(
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.
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.
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?
BBBBBBut Ben and Barry said that its over?
And the gov't will publish "1000 ways to use powdered nonfat milk to enhance Hamburger Helper."
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!
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)
Don’t leave out Tiny Tim Geithner.
“Ben and Barry” — isn’t that some brand of left-wing ice cream?
Unexpected by whom?
No, its Vaseline with sand.
Obama fans at MSNBC, CNBC and REUTERS.
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!
[I think its 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)!
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
“You have heard of Reagan Democrats, right; well Joe is a McCain Republican (you know, Democrap Lite)!”
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%..
buy them an automobile company and they think they are gods.
Seem to be a lot of people on the left that think that..
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.
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