New home sales jump 7.6%

[Chris]

Up is good, but it's up compared to all time record lows. So it's nothing that's generating a lot of excitement out there in the markets. There is a lot of bad economic news that continues to come out.

Not really.

Auto sales are up, retail sales are up, housing is recovering, and unemployment is down.

The bad news came in 2008.

 

[skookerasbil]

Foreclosure filings rise in May: RealtyTrac - Yahoo! Finance




Oooooooooooooooops!!!

 

[Chris]

A shortage of homes available for sale could trigger either a sharp rise in U.S. home prices or a surge in new construction next year, predicted one of the country's leading housing economists in Denver on Friday.

U.S. home prices could rise 10 percent next year or housing starts could surge 70 percent to 1.2 million, predicted Lawrence Yun, chief economist of the National Association of Realtors.

"It is either starts or prices, not both," Yun told attendees in Denver for the annual conference of the National Association of Real Estate Editors.

http://www.denverpost.com/recommended/ci_20917406

 

[GuyPinestra]

Up is good, but it's up compared to all time record lows. So it's nothing that's generating a lot of excitement out there in the markets. There is a lot of bad economic news that continues to come out.

Not really.

Auto sales are up, retail sales are up, housing is recovering, and unemployment is down.

The bad news came in 2008.

Yeah, you run with that, and good fucking luck with it!

 

[skookerasbil]

Up is good, but it's up compared to all time record lows. So it's nothing that's generating a lot of excitement out there in the markets. There is a lot of bad economic news that continues to come out.

Not really.

Auto sales are up, retail sales are up, housing is recovering, and unemployment is down.

The bad news came in 2008.

But this is a POLITICS forum s0n.........nobody thinks things are getting better except you and 17 other people.


But knock yourself out telling everybody how awesome things are.........Im certain it will change the election outcome!!





Foreclosure filings rise in May: RealtyTrac - Yahoo! Finance


52% Think Economy Will Be Unchanged or Weaker A Year From Now - Rasmussen Reports™

 

[Chris]

Up is good, but it's up compared to all time record lows. So it's nothing that's generating a lot of excitement out there in the markets. There is a lot of bad economic news that continues to come out.

Not really.

Auto sales are up, retail sales are up, housing is recovering, and unemployment is down.

The bad news came in 2008.

Yeah, you run with that, and good fucking luck with it!

I know you guys don't read the business section, but I do.

 

[Chris]

"The recovery in Florida's housing market and economy continues to grow stronger and stronger," said 2012 Florida Realtors President Summer Greene, regional manager of Better Homes and Gardens Real Estate Florida 1st in Fort Lauderdale. "Realtors across the state are reporting increased activity - in May, statewide pending sales were up 43.1 percent for existing single-family homes and up 33.4 percent for townhome-condo properties. In some areas, a shortage of for-sale inventory is resulting in multiple bids from buyers and rising price conditions.

Fla.'s Housing Market Continues Positive Track in May 2012 - MarketWatch

 

[skookerasbil]

Oh.......and "The Economy" is "far and away the biggest concern of voters"..........

Importance of Issues - Rasmussen Reports™


Only Chris and about 17 other people think the "concern" is positive!!!

 

[GuyPinestra]

A shortage of homes available for sale could trigger either a sharp rise in U.S. home prices or a surge in new construction next year, predicted one of the country's leading housing economists in Denver on Friday.

U.S. home prices could rise 10 percent next year or housing starts could surge 70 percent to 1.2 million, predicted Lawrence Yun, chief economist of the National Association of Realtors.

"It is either starts or prices, not both," Yun told attendees in Denver for the annual conference of the National Association of Real Estate Editors.

Either home prices or housing starts will surge, economist predicts - The Denver Post

Try reading for comprehension Chrissie... The statement is based on the supposition that there will somehow be a shortage of homes for sale. With foreclosures jumping 12% I just don't see it. And just wait until ARMs reset this fall, I think we'll get to see the 2nd half of this 'double-dip' recession.

 

[LoneLaugher]

It sure upsets nutters when someone reports some good news for the US economy. They quickly remind us that it is not all good news. It is like taking a pain killer for them. It makes them feel better to announce the negatives.

Thanks for the post, Chris. That is a positive. Go USA!

 

[skookerasbil]

Priority of the public's concern............


Economy


82%




Health Care


62%




Gov't Ethics and Corruption


61%




Taxes

60%




Energy Policy


54%




Education


54%




Social Security


53%




Immigration


45%




National Security/War on Terror


50%




Afghanistan


27%


Importance of Issues - Rasmussen Reports™



Who's not winning?

 

[Chris]

PHOENIX — Prices for existing homes here and in surrounding areas climbed by 25 percent during the 12-month period that ended in April, pointing to a decisive shift in the market realities of a place where foreclosed signs, abandoned properties and deserted neighborhoods became one of the most enduring symbols of the nation’s crippling real estate bust.

http://www.nytimes.com/2012/06/21/u...=1&ref=standardpoorscaseshillerhomepriceindex

 

[LordBrownTrout]

Obama is looking better and better by the day

Yes, if you watch msnbc, cnn, abc, cbs, nbc.

 

[Chris]

Obama is looking better and better by the day

Yes, if you watch msnbc, cnn, abc, cbs, nbc.

Fact free post.

 

[rightwinger]

Are we allowed to use the "R" word ?

Recovery

 

[Chris]

On a national basis, listed inventory was down 20.4% in May, compared with May 2011, according to recent statistics from the National Association of Realtors. There’s a 6.6-month supply of homes, given the current pace of sales.

In some local areas, however, the plunge has been much steeper.

The inventory of homes for sale in King County, where Seattle resides, was down 43.8% in May, compared with a year ago, according to Redfin, a national brokerage based in Seattle. In the District of Columbia, inventory was down 34.2% over the year. Inventories were down 37.9% in Sacramento County, Calif., 34.3% in Maricopa County, Ariz., where Phoenix is located, and a whopping 54.9% in Orange County, Calif.

Housing inventory plunges in some places - Amy Hoak's Home Economics - MarketWatch

 

[Rshermr]

On a national basis, listed inventory was down 20.4% in May, compared with May 2011, according to recent statistics from the National Association of Realtors. There’s a 6.6-month supply of homes, given the current pace of sales.

In some local areas, however, the plunge has been much steeper.

The inventory of homes for sale in King County, where Seattle resides, was down 43.8% in May, compared with a year ago, according to Redfin, a national brokerage based in Seattle. In the District of Columbia, inventory was down 34.2% over the year. Inventories were down 37.9% in Sacramento County, Calif., 34.3% in Maricopa County, Ariz., where Phoenix is located, and a whopping 54.9% in Orange County, Calif.

Housing inventory plunges in some places - Amy Hoak's Home Economics - MarketWatch

Chris.
You must stop providing evidence. The tea party members who are sent to this board do not understand it. They can not deal in a reality based world.

Soon they will stop and simply start sending insults your way.
Damndest thing I ever have seen.

 

[BDBoop]

Pending home sales match two-year high | Reuters

The index level matched the two-year high reached in March, while the gain was the largest since October 2011.

 

[Remodeling Maidiac]

Pending home sales match two-year high | Reuters

The index level matched the two-year high reached in March, while the gain was the largest since October 2011.

When you measure the value of something based on its worst stats that's not exactly something to brag about.

 

[Chris]

Pending home sales match two-year high | Reuters

The index level matched the two-year high reached in March, while the gain was the largest since October 2011.

When you measure the value of something based on its worst stats that's not exactly something to brag about.

Actually it is.

Inventory is down to 6.5 months. 6 months is normal.

Housing will lead us into further recovery....within a year.