Existing home sales rise 10%

Discussion in 'Economy' started by Chris, Oct 25, 2010.

  1. Chris
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    Chris Gold Member

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    NEW YORK (Cinnamon) -- Existing home sales climbed for the second month in a row in September, fueling some hope that a housing recovery is underway.

    Sales of previously owned homes rose 10% to a seasonally adjusted annual rate of 4.53 million units last month, the National Association of Realtors reported Monday. That was up from a 4.12 million rate in August.

    Existing home sales jump in September - Oct. 25, 2010
     
  2. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Not exactly a sign of recovery if we are in an inflationary period.
     
  3. Chris
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    Chris Gold Member

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    We need to be in an inflationary period.

    The problem is, we aren't.
     
  4. Revere
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    Revere BANNED

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    And along comes the Obama debt commission to kill the mortgage interest deduction...
     
  5. uscitizen
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    uscitizen Senior Member

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    I guess 10% above nuthin is good?
     
  6. Oddball
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    Oddball BANNED Supporting Member

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    IOW, sales of existing homes are DOWN 19%, compared to this time last year.

    Nice try, spinmeisters.
     
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  7. Chris
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    Chris Gold Member

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    No, along comes the Repubican Party to cut taxes for the rich...

    Reagan and the two Bushes are responsible for most of our problems...

    ReaganBushDebt.org
     
  8. Revere
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    Revere BANNED

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    Uh, is that the recommendation of Obama's debt commission?
     
  9. Oddball
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    Oddball BANNED Supporting Member

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    Just as I thought...A significant portion of that "increase" was via bargain hunters, scooping up some quick cash deals.

    All is quiet...All is well. :rolleyes:
     
  10. Revere
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    Revere BANNED

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    Yeah, that's not a recovery, that's banks turning inventory on and off like a garden hose.
     

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