We seem to be heading for something bad.
LOL ABC is reporting that the economy is showing ‘new strength’.
This at a time when the DemocRATS and their toads in the state-controlled “media” are spreading the talking point that the U.S. economy is “booming”. LOL! That “booming” sound is the economy collapsing.
But the MSM says things are just swell. The economy is doing great. /sarc
I just got my home appraised last week when considering a refi. Our neighborhood was deemed “stable”, but our home had fallen by 4% from an appraisal done 2 years ago. One of the homes in the comparison was a foreclosure, which I’m sure is what killed us.
Just wait till the new Dodd Franks mortgage rules kick in in January...
But...but...but permits are up, most that have been in 5 years! But...but..but...
How many prospective home buyers and re fiers dropped out voluntarily due to the increased costs of health insurance due to ObamaCare?
How many banks are holding back on new mortgages and re fi’s
due to the coming impact of increased heath insurance costs?
If I was in charge of new mortgages and re fi’s, I would wait until about Feb 2014 before even considering any loans because of the coming impact of increased costs of Obozocare, the Unaffordable Health Care Act.
I don’t see how this equates with the increase in new construction.
Unexpected!
This was predicted due to falling inventory of foreclosed homes. Yawn.
Families don’t move in the middle of the school year. It will pick up again toward summer.