Home Sales Plummet in 38 States in 3Q

Yahoo Finance ^ | November 20, 2006 | Lauren Villagran

[television is just wrong]

"Maybe some of the illegals will go home."


We can only hope.

[BlackbirdSST]

Not to worry, the ILLEGAL's will bail US out. Blackbird.

[babygene]

"Borrowers with 30% to 99% equity, will only risk their paper equity shrinking, as long as they can keep up their payments, and they are maybe 40% to 50% of the owner-occupants."

I think the percentage in this group is much higher. Probably 80 plus percent have more than 30% equity.

[WashingtonSource]

Boy, Nassau is almost off the charts. Meanwhile Syracuse is dead as a doornail.

[Toddsterpatriot]

But I will admit, there is a pretty big debate over whether we are heading for deflation or stagflation. I'm leaning towards the latter (especially considering the current head of the FED).

Now Bernanke is going to cause stagflation? How, with his deflation fighting helicopter?

[Toddsterpatriot]

It's scary when I beat the doomers to their own story. Maybe he was busy building his fallout shelter?

[Petronski]

Now Bernanke is going to cause stagflation?

I thought Bernanke dropped inflationary money from a helicopter?

I thought we were at war with Oceania, but here, all this time, we were at war with Eurasia!

My bad.

[GodGunsGuts]

When the time comes, the watch-phrase will be pushing on a string.

[Toddsterpatriot]

I would say a 12.7 percent decline year over year qualifies for the word plummet.

Still having a difficult time reading, I see.

Home prices also dropped: The realtors' survey showed that the midpoint price for an existing home sold during the summer dipped 1.2 percent year over year

Prices did not plummet 12.7%. LOL!

[Toddsterpatriot]

You don't understand what that means.

[GodGunsGuts]

Or maybe your headline was wrong...which doesn't surprise me, you're off on just about everything. Don't you grow tired of being proven wrong over and over?

[GodGunsGuts]

Not true, of course. But I probably don't share your understanding of the phrase since, as I said, you are wrong on pretty much everything.

[GodGunsGuts]

I was talking about sales. Read the headline, Toddler.

[GodGunsGuts]

Making no sense as usual I see. Your lack of a point makes you a very dull person, Pedro.

[Toddsterpatriot]

What does the headline have to do with the fact that I posted the story 10 hours before you?

[Toddsterpatriot]

But I probably don't share your understanding of the phrase

That was obvious when I saw your earlier misunderstanding of the nickname "Helicopter Bernanke".

[Toddsterpatriot]

I was talking about sales

So sales down 12.7% is plummet and a 1.2% drop in prices is a bust. Got it Gigi.

[Petronski]

Sorry you don't understand the reference. But then, you've never been much for reading comprehension, or even reading itself.

[GodGunsGuts]

I doubt it.

[techcor]

You would think they did away with these stories now the Democrats have taken over

Nope they won't do away with the stories. Instead the MSM will slant it to say how this drop in pricing is helping housing become more affordable to middle-income, low-income, and minority citizens. The only people to lose money will be evil Republicans who had over priced the housing market because they are greedy.
If Republicans had stayed in power, the story line would have been how grandma and grandpa Jones had lost all of their life savings in the housing market because of evil rich tax cuts.