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BREAKING: HOME SALES UNEXPECTEDLY RISE!
AP WIRE | AP

Posted on 03/23/2006 7:10:32 AM PST by SoFloFreeper

BC-APNewsAlert WASHINGTON (AP) -- A real estate trade group reports that sales of existing homes rose by an unexpected 5.2 percent in February as warm weather boosted demand.


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: buchanansuicidewatch; drivebymedia; fakebutaccurate; homes; lyingliars; makingitup; mediabias; realestate; smearcampaign; springishere; zogbyism
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To: nomorelurker
How does warm weather boost demand for housing seems like cold weather would.

People stay inside on bad weather days. It is always the nice days when people get out and house hunt. The only people who house shop in bad weather are those who come from out of town or someone really needs a home quickly.

41 posted on 03/23/2006 7:39:39 AM PST by Always Right
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Comment #42 Removed by Moderator

To: Unmarked Package; nomorelurker
Home buyers are much more willing to go out to look at homes for sale on a winter day that is unseasonably warm and sunny.

Plus people are just starting to love so they can move at the end of the school year.

43 posted on 03/23/2006 7:41:18 AM PST by Howlin ("It doesn't have a policy. It doesn't need to have a policy. What's the point of a Democratic policy)
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To: Howlin

"Plus people are just starting to love"

LOL ... sap's a-risin'.


44 posted on 03/23/2006 7:43:44 AM PST by RegulatorCountry
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To: TRY ONE
In the NYT --- page 34? (Sorry, not even there!)

It's not in today's print edition -- the report just came out at 10 AM EST.

45 posted on 03/23/2006 7:43:54 AM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: Incorrigible
My response is posted below. 'Nuff said:

http://www.freerepublic.com/focus/f-news/1601643/posts

46 posted on 03/23/2006 7:43:54 AM PST by ex-Texan (Matthew 7:1 through 6)
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To: Baynative
He was asked if he was going to replace Cheney or Rumsfeld. He refused to comment. Then a mSM talking head making comments on the press conference said, "Bush says Dick Cheney will remain in place - FOR THE FORSEEABLE FUTURE"

And people wonder why we scream at the TV all day long, huh?

47 posted on 03/23/2006 7:44:15 AM PST by Howlin ("It doesn't have a policy. It doesn't need to have a policy. What's the point of a Democratic policy)
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To: RegulatorCountry

Yikes! Sounds like something O-ffensive when I post it that way, doesn't it?


48 posted on 03/23/2006 7:45:25 AM PST by Howlin ("It doesn't have a policy. It doesn't need to have a policy. What's the point of a Democratic policy)
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To: ex-Texan

49 posted on 03/23/2006 7:47:30 AM PST by Howlin ("It doesn't have a policy. It doesn't need to have a policy. What's the point of a Democratic policy)
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To: Howlin

I'm not really sure what it is that you meant to say, but it was funny. It reminded me of the speech my old high school principle would give every spring, the "sap's a-risin" speech, cautioning all us horney teens to keep our clothes on and our hands to ourselves, or else.


50 posted on 03/23/2006 7:49:34 AM PST by RegulatorCountry
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To: Always Right
Rising interest rates, believe it or not, have not been a major factor.
Absolutely right. I remember in the late 70's when interest rates were 17-18-20% and homes were still selling with "creative financing"

I also remember after that Carter period when a 9 or 10% mortgage was a real bargain and 12% was the norm.

51 posted on 03/23/2006 7:50:55 AM PST by lewislynn (Fairtax = lies, hope, wishful thinking, conjecture and lies. (no it's not a mistake)
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To: ex-Texan
My response is posted below.

You got an overwhelming response to your "response."

Two whole posts.

52 posted on 03/23/2006 7:51:19 AM PST by sinkspur
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To: RedBloodedAmerican

Bush's and Global Warming's fault.

Thanks for posting this very thorough article.


53 posted on 03/23/2006 7:51:40 AM PST by Grampa Dave (How long has the NY Slimes, Compost, and LA Slimes been Enroning (cooking) their books?)
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To: RedBloodedAmerican

The Democrats are disappointed that home sales are in fact still very strong, because homeowners tend to be more intelligent, conservative people.


54 posted on 03/23/2006 7:52:34 AM PST by pleikumud
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To: proudpapa
What's next? Unemployment lower than expected?

 

Well, now that you mention it...

55 posted on 03/23/2006 7:53:52 AM PST by Fintan (Hey, you can't make this stuff up.)
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To: Howlin
If you believe the pure crapola posted on this thread -- I have a suggestion for you: Go out today and buy this San Mateo, CA house listed for only $ 725,000 !


56 posted on 03/23/2006 8:00:59 AM PST by ex-Texan (Matthew 7:1 through 6)
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To: RegulatorCountry
Look

I meant to say that people are just starting to look.

But in fact, my stepdaughter has "sold" her house twice since the day after Christmas.........the buyers keep having to drop out; one of them flat out lied about their income, even to the point of saying that they were going to put down $400,000 cash!

They're getting rich on escrow money........LOL.

57 posted on 03/23/2006 8:01:10 AM PST by Howlin ("It doesn't have a policy. It doesn't need to have a policy. What's the point of a Democratic policy)
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To: detsaoT
No, no, no!! The mainstream media wants to stop this nonsense of a healthy economy. They say there is a housing bubble, so there MUST be a slowdown in real estate.

Actually, there is a big slowdown in the real estate market in many areas of the Country, notwithstanding the 5.2 increase in February, 2006. Talk off the record to just about anyone in the real estate "support" business here in the northeast, like bankers and mortgage people, title insurance companies, title closers, and residential real estate attorneys, and they will tell you that business is way off. Even reala estate brokers and agents with their perpetual optimism will express concern off the record.

Note that the 5.2% figure is a year over year number, and to understand the significance, you need to go back to January, 2005, which if I recall correctly, was bitter cold with lots of snow in many areas, including the northeast. January/February 2006, in contrast, was warm and relatively snow free. My gut feeling is that the 5.2% increase includes a lot of people who would have gone shopping in April/May, but bumped up the time table because of the nice weather and concern over rising interest rates. If I am correct, then we should see a year over year decline in sales as we move through the spring.

58 posted on 03/23/2006 8:02:37 AM PST by Labyrinthos
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To: ex-Texan

"I have a suggestion for you: Go out today and buy this San Mateo, CA house listed for only $ 725,000!"

You can find similar houses just outside Pittsburgh for $20,000.00. I suppose, using your line of thought, that this "proves" housing is badly underpriced across the entire country?


59 posted on 03/23/2006 8:04:22 AM PST by RegulatorCountry
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To: ex-Texan

It's not my fault that the houses there are too expensive. I live in a house that is valued at over $400,000 and it's almost 4000 square feet.

Move.


60 posted on 03/23/2006 8:05:02 AM PST by Howlin ("It doesn't have a policy. It doesn't need to have a policy. What's the point of a Democratic policy)
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