Posted on 11/06/2012 7:22:02 AM PST by tobyhill
Home prices slipped in September after gaining for six months in a row as values were weighed down by cheaper distressed sales, data from CoreLogic showed on Tuesday.
(Excerpt) Read more at reuters.com ...
Like everythings else, basically all the economic news has been floated until after election day. Then - BAM! - all the regulations and the real economic news will begin to hit with the fiscal abyss staring us in the face on January 1.
Yep! If Obama wins, I hope all the Libtards enjoyed their little utopia society because it will all come crashing down around them.
You called it. Hopefully it will be obvious enough even to the braindead among us that something will finally be done about the statist news media.
My son and I were just noting that our house in Payson had seen a 25% increase since August on Zillow. Both of us were wondering if the increase was an attempt to make home owners feel more prosperous in time for the election.
Put it on the market and you won’t see anywhere near that 25% so-called increase.
Just bet the other way when a democrat speaks
Just the winter seasonal kicking in.
No. But you will be paying more in property taxes.
You nailed it.
With the exception of Ca and NV the housing market is getting much better. However, all real estate is local. That means the fact that my retail lumber customers business in the Minneapolis/St Paul area that has seen a 35% increaase over last Oct. has nothing to do with Stockton, Ca. Also, same thing(big increases) in Houston and San Antonio. There are more moderate increase in business in the rest of the country.
Home starts and permits are increasing. It is a fact. We went from a low in 2008 of 460,000 starts up to 800,000. We will hit 1 million by the end of next year. Also, keep in mind we were at 2 million in 2005. We were over building back then. Most economists say we need to building 1.4 million homes a year just to keep up with population growth for a country of 300 million. We are seeing right now in NJ and NY why homes need to be replaced on average every 75 years. They burn down get flooded, etc.
Ah, it’s November.
“We are seeing right now in NJ and NY why homes need to be replaced on average every 75 years. They burn down get flooded, etc.”
Actually the census showed why homes in NY & NJ don’t need to be replaced at all; we both lost electoral votes as our “legal” population falls, and only give the illusion of being viable by importing masses of illegal aliens. In NJ our last Dem governor admitted that without illegal aliens NJ’s population would have fallen in real terms.
A lot (not all) of the homes recently lost in Hurricane Sandy were vacation homes (though many year-round homes have serious damage throughout the area).
“If Obama wins, I hope all the Libtards enjoyed their little utopia society because it will all come crashing down around them.”
It will be CA/NJ/NY on a national scale...
As long as there is federal subsidised flood insurance, people will rebuild houses on the ocean. Ocean front real estate will always be in demand.
As far as the census shows you are correct. That is why homes starts increase in places like TX, NC & NH. People continue to move out of Cleveland and Detroit and move to places like Charlotte and Houston.
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