Housing sales up to highest levels in 4 to 5 years

Discussion in 'Economy' started by Rshermr, Dec 9, 2012.

  1. Rshermr
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    Rshermr VIP Member

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    An index measuring the number of Americans who signed contracts to buy homes in October jumped to nearly its highest level in almost six years. Steady job gains and record-low mortgage rates have made home buying more attractive.
    The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index rose 5.2 percent to 104.8 in October. Excluding a few months when the index spiked because of a homebuyer tax credit, that is the highest level since March 2007.
    The increase points to healthy sales increases of previously occupied homes in the months ahead. There's generally a one- to two-month lag between a signed contract and a completed sale.
    The rise in sales adds to evidence of a steady housing recovery.
    Read more: Nation's housing sales take big jump - Times Union
     
  2. The Rabbi
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    The Rabbi Diamond Member

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    So what have housing prices done? Oh yeah, still down. Four years into recovery and people are poorer today than when Obozo got elected.
     
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  3. Rshermr
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    Rshermr VIP Member

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    Sorry, prices of housing is going up.

    So, perhaps you will have a memory of 2005. When the prices of housing started DOWN. Now, if you understand math, that would be four years before Obama took office. Who was President then?? What political party was he in??

    You have to excuse Rabbi. He follows information that is posted on this blog and makes every effort to make it look like the fault of the current administration. Because, you see, Rabbi is a con tool, and that is what he does, and all that he does.
     
  4. The Rabbi
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    The Rabbi Diamond Member

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    You're not very bright, are you? Do you understand that "going up" is not synonymous with "higher"?
    The Master of Bullshit Assertions strikes again!
     
  5. Spoonman
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    Spoonman Gold Member

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    never going to happen. to much inventory, the economy hasn't recovered, unemployment is still high. raising taxes will hurt the market, not help it.
     
  6. The Rabbi
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    The Rabbi Diamond Member

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    Fewer people working plus more layoffs equals fewer people buying. Pretty simple.
     
  7. Spoonman
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    Spoonman Gold Member

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    and mortgages are still not easy to get.
     
  8. Rshermr
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    Rshermr VIP Member

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    So Spoonman says:
    So, apparently spoonman is an expert. No links, just his opinion. But the link will tell him that it is happening, the inventory has gone down considerably, the economy has recovered with the exception of unemployment, and unemployment is continuing to decrease. Sorry, not what you want to hear. But take a look, maybe you can provide a link proving your accusations.
    Relative to taxes, I say you can not show a time when raising taxes has ever hurt the economic numbers when the unemployment rate was high, say over 7%. So, again, just a case of your opinion. And yes, my poor con tool, you are going to continue to see the housing numbers continue to get better. All the experts in the subject say so. Go do a google search, or if you are having troubles doing so, let us know. Someone will show you how.
     
  9. Rshermr
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    Yep. Pretty simple for a con tool. Even though it is happening and has been happening, as a con tool you will continue to say it is not happening. Your opinion again, rabbi, and you know how much we respect your opinion.
     
  10. Rshermr
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    Rshermr VIP Member

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    Nope. Not as easy as when they simply took your temperature and if over 90 gave you a mortgage. But easier. I just bought another house. Easy enough these days.
     

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