The number of for sale signs on this road has double in the past week. None are selling, none have sold since last year. A lot of people seem to be getting ready to vacate this town.
Is it because the prices have dropped 14.1%, as the other thread indicated?
If gas prices were to suddenly to drop, I wonder what is
next on the MSN/ Democratic agenda.
At least they put quotation marks around "recession."
Look, go ahead and ignore Greenspan, Buffett et al. They can offer opinions on recession, but they don’t get to make the official call.
Pay attention to someone like Martin Feldstein. He’s a member of the NBER. The NBER DOES get to make the call whether we’re in a recession.
So what does Feldstein say?
Let’s see:
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ag0t9NpkLkz0
So there you go.
The more that conservatives and Republicans keep blaming the MSM for the state of the economy, the harder we’re going to lose in ‘08 and ‘10.
We’re literally whistling past the graveyard and have been since Bush kept trumpeting the growth in a housing market that was largely driven by outlandish speculation. We’ve been seeing commodity price inflation since 2004 in a serious way, and Bush’s economic team has consistently ignored it, preferring instead to keep babbling about the growth of the housing market while wage growth was largely stagnant and unable to support housing valuations.
Good news is ALWAYS unexpected during a GOP adminstration.
While, on the contrary, bad news is ALWAYS ignored during a demorat adminstration.
(oops, sorry for the typo. I’ll get it later)
So, house sales post a brutal 42% year-over-year decline to near historic lows and the MSM labels that an “unexpected rise”. so much for the constant drumbeat by the Freepyannas that the MSM is just trying to talk down the economy.
RE tanked. It fell 42% year-over-year from last April and posted the sencond worst April sales since 1991. And that is evidence the economy is swell? I’ll bet you won’t convince any Realtors or RE Brokers how wonderful those sales numbers are...
April 2008 home sales were horrible and that’s the truth. Or do I have to add a raspberry like Lilly Tomlin from “Laugh In”?
So am I the only one here who read that even noticed home sales declined a whopping 42% year over year from last April.
You can’t compare April to March. April sales re generally better than March sales. That is like saying “house sales fell off in December from June”. It is meaningless. You have to compare how a month this year compared with the SAME MONTH in prior years.
It is my understanding that probably much of the rise in sales is due to foreclosures which result in sales albeit forced sales.