U.S. Economy: Home Sales, Leading Indicators Unexpectedly Rise

Bloomberg | January 26, 2009 | Bob Willis and Shobhana Chandra

[Zakeet]

Because of Bloomberg's restrictions, we cannot excerpt their articles -- only post links to articles like this one.

However, the article's title pretty much says it all. Housing sales shot up 6.5 percent and the leading economic indicators expanded at an annual rate of 3.6 percent.

Of course, Barry and Nancy and Harry and Barney and the rest of the RAT idiots can and will turn things around.

[kidd]

Generally foreclosed homes sell at a lower price.

[griswold3]

sold investment property in Dec. Took a hit, but decided it was time.

[Bubba_Leroy]

Oh no, this is terrible! What if the recession ends before Obama and the Democrats get to pass all of their pork barrel projects?

First the weather gets too cold for anyone to buy Global Warming, and now this?

[Oldpuppymax]

Well free enterprise and capitalism are difficult things to kill off quickly. Just give Hussein and the boys a little time, huh!

[earlJam]

Thanks for taking the time to summarize the article.

[Jim from C-Town]

We have to hurry up and pass that trillion dollar stimulus package before the economy spontaneously stimulates itself and recovers.

[Hazwaste]

He’s saved us! President Obama has saaaaaaaaaaaaved us!

[Brilliant]

Funny how Bush leaves office, and suddenly the leading indicators rise for no apparent reason, and despite the fact that evidence of economic collapse is all around us.

[mrsmith]

If Bush was still in office the headline would be...
"Home Prices Drop 15.3%: Women, Children and Minorities Hardest Hit!".

LOL!

[SuziQ]

Generally foreclosed homes sell at a lower price.

Yep, but they SOLD, that's the important thing. They're not sitting there unoccupied anymore.