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Home-buying season the worst in at least 50 years
AP via Yahoo! News ^
| September 26, 2011
| Derek Kravitz, AP Real Estate Writer
Posted on 09/26/2011 4:30:18 PM PDT by Oldeconomybuyer
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"I don't have time to complain. I am going to press on. I expect all of you to march with me and press on. Take off your bedroom slippers, put on your marching shoes. Shake it off. Stop complaining, stop grumbling, stop crying. We are going to press on."
To: Oldeconomybuyer
...real estate (and its spinoffs) is the largest industry. Thank you for the help Obama.
2
posted on
09/26/2011 4:34:54 PM PDT
by
himno hero
(Obamas theme...Death to America...The crusaders will pay!)
To: Oldeconomybuyer
Home-buying season the worst in at least 50 years
I bet it's an even worse home-selling season.
To: Oldeconomybuyer
“Shake it off. Stop complaining, stop grumbling, stop crying. We are going to press on.”
A motivational speech from the black knight in Monty Python.
4
posted on
09/26/2011 4:42:43 PM PDT
by
driftdiver
(I could eat it raw, but why do that when I have a fire.)
To: Oldeconomybuyer
I'm not signing any mortgage papers when I might be out of a job in 3 months.
It's that simple.
I'm not a member of any protected group either.
5
posted on
09/26/2011 4:43:49 PM PDT
by
BitWielder1
(Corporate Profits are better than Government Waste)
To: posterchild
Actually an excellent time to buy a house if you can afford it.. daughter is a first time buyer at 3.25% on a small home.
6
posted on
09/26/2011 4:53:28 PM PDT
by
maddog55
(OBAMA: Why stupid people shouldn't vote.)
To: Oldeconomybuyer
Some of the larger paper holders(BOA) are going to full appraisal to try and balance their sheets. A full rebuild appraisal is a lie in most cases. but it is BOA.
7
posted on
09/26/2011 4:54:38 PM PDT
by
allmost
To: Oldeconomybuyer
Some of the larger paper holders(BOA) are going to full appraisal to try and balance their sheets. A full rebuild appraisal is a lie in most cases. but it is BOA.
8
posted on
09/26/2011 4:55:01 PM PDT
by
allmost
To: Oldeconomybuyer
9
posted on
09/26/2011 4:55:50 PM PDT
by
ken21
(ruling class dem + rino progressives -- destroying america for 150 years.)
To: allmost
10
posted on
09/26/2011 4:56:16 PM PDT
by
allmost
To: Oldeconomybuyer
If property was permited to sell at its value, not propped up at its taxation value, sales would be robust.
To: Oldeconomybuyer
something tells me next year will be worse
To: Oldeconomybuyer
13
posted on
09/26/2011 5:07:03 PM PDT
by
proudpapa
(Palin-West - 2012)
To: posterchild
Funny, I bought a house about 6 weeks ago. Saw it, made an offer in 4 hours. Did a 3 week escrow.
Sold my previous home the first day with two back up offers well in excess of my selling price. One all cash.
To: Oldeconomybuyer
suggest that a recovery is years away Recovery is a new president away.
To: allmost
...take a deep breath.... the spawn of AP Giannini is bust...
16
posted on
09/26/2011 5:26:34 PM PDT
by
pointsal
To: BunnySlippers
We have friends that sold their home in 4 days. They purchased one that had been on the market 1 day (nice lakefront cottage for 2).
To: BunnySlippers
Depends where you are. Nothing much is moving here in Florida. Those that do are getting low ball offers.
18
posted on
09/26/2011 5:32:44 PM PDT
by
driftdiver
(I could eat it raw, but why do that when I have a fire.)
To: pointsal
Ground up appraisals is the way to ‘balance’ these ‘sheets’. Did your man pay his dues?
19
posted on
09/26/2011 5:34:32 PM PDT
by
allmost
To: Oldeconomybuyer
Over the next twenty years, a whole lot of us Baby Boomers are going to die off or move to places for old folks. Maybe the real estate market will perk up after that. Just thought I’d cheer you up a little more. ;-)
20
posted on
09/26/2011 5:40:29 PM PDT
by
familyop
(Rand fabricated "Galt." She wouldn't like a real engineer or his technician friends.)
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