Home sales rise 19.8%

[Chris]

Nov. 2 (Bloomberg) -- The number of contracts to buy previously owned homes in the U.S. rose in September for an eighth straight month as Americans rushed to meet a deadline for a home-buyer tax credit.

The index of signed purchase agreements, or pending home sales, rose 6.1 percent after a 6.4 percent gain in August, the National Association of Realtors said in Washington. Compared with a year earlier, pending sales rose 19.8 percent, without adjusting for seasonal variations.
Pending Sales of Existing Homes in U.S. Rise 6.1% (Update1) - Bloomberg.com

 

[Old Rocks]

My real estate agent say that she expects the market to come back this spring, not with a roar, and at lower prices. She says that there will be a gradual improvement in sales here for those that are willing, and financially capable of taking 20% to 30% less than they would have gotten two years ago.

 

[Chris]

The market here is booming, thanks to the first time home buyer tax credits.

The stimulus is working.

 

[eagleseven]

[ame=http://www.youtube.com/watch?v=s27Oq5ot0ZI]YouTube - Mohammed Saïd al-Sahaf[/ame]

How did you escape Baghdad, Chris?

 

[Mr. H.]

Spend it, and they will buy.

 

[JW Frogen]

The market here is booming, thanks to the first time home buyer tax credits.

The stimulus is working.

The market is like a big fat, juicey penis, it needs stimulus or it becomes a rubber chicken with no delight in sight.

 

[Chris]

YouTube - Mohammed Saïd al-Sahaf

How did you escape Baghdad, Chris?

How did you escape Arkansas?

 

[Avatar4321]

And what exactly does this matter? We are going to have another bubble. Nothing's changed. People who cant afford it are still getting loans. What's going to happen when they start defaulting again? sure it might be in another year or two. but until the problem is fixed this isnt really something to cheer about.

Why are you happy when a band aid is on the wound when there is internal bleeding being ignored? Why are we suddenly supposed to jump for joy?

At least have the honesty to fix the actual problem instead of focusing on symptoms.

 

[Claudette]

Of course people are buying homes. They are being given money to buy homes as first buyers. Just as they were given money to buy new cars. Each of those cars cost us taxpayers 24 thousand dollars. Sounds like a deal to me. Wonder how much each of the homes will cost us taxpayers. Thats providing the buyers can pay the mortgages and we don't have to bail them out along with the rest of the world.
Its a bubble just as the clunkers were for the auto industry. Will they never learn???

Give them money and they will come.

 

[Chris]

And what exactly does this matter? We are going to have another bubble. Nothing's changed. People who cant afford it are still getting loans. What's going to happen when they start defaulting again? sure it might be in another year or two. but until the problem is fixed this isnt really something to cheer about.

Why are you happy when a band aid is on the wound when there is internal bleeding being ignored? Why are we suddenly supposed to jump for joy?

At least have the honesty to fix the actual problem instead of focusing on symptoms.

Sorry, you are wrong.

Everything's changed. There is no more 100% money except for VA buyers. There are no more easy loans. You have to be qualified and your qualifications have to check out.

You really don't know anything about business do you?

 

[elvis]

YouTube - Mohammed Saïd al-Sahaf

How did you escape Baghdad, Chris?

How did you escape Arkansas?

how did your butt-buddy clinton escape arkansas?

 

[Gunny]

Nov. 2 (Bloomberg) -- The number of contracts to buy previously owned homes in the U.S. rose in September for an eighth straight month as Americans rushed to meet a deadline for a home-buyer tax credit.

The index of signed purchase agreements, or pending home sales, rose 6.1 percent after a 6.4 percent gain in August, the National Association of Realtors said in Washington. Compared with a year earlier, pending sales rose 19.8 percent, without adjusting for seasonal variations.
Pending Sales of Existing Homes in U.S. Rise 6.1% (Update1) - Bloomberg.com

*yawn* As usual. Go shoot yourself, huh?

 

[rightwinger]

Shhhhhhh.... Chris

No economic good news permitted on this board

Didn't you know Obama was going to cause the economy to fail?

 

[Chris]

Shhhhhhh.... Chris

No economic good news permitted on this board

Didn't you know Obama was going to cause the economy to fail?

I didn't know that.

That's why I am making so much money.

 

[elvis]

Nov. 2 (Bloomberg) -- The number of contracts to buy previously owned homes in the U.S. rose in September for an eighth straight month as Americans rushed to meet a deadline for a home-buyer tax credit.

The index of signed purchase agreements, or pending home sales, rose 6.1 percent after a 6.4 percent gain in August, the National Association of Realtors said in Washington. Compared with a year earlier, pending sales rose 19.8 percent, without adjusting for seasonal variations.
Pending Sales of Existing Homes in U.S. Rise 6.1% (Update1) - Bloomberg.com

*yawn* As usual. Go shoot yourself, huh?

 

[Avatar4321]

Sorry, you are wrong.

Everything's changed. There is no more 100% money except for VA buyers. There are no more easy loans. You have to be qualified and your qualifications have to check out.

You really don't know anything about business do you?

You're joking right? Simply because you say there is no more easy money there isnt? Despite the fact that absolutely nothing has been done to stop it. Despite the fact that the government is giving out free money to encourage lenders to continue lending to people who can't afford it.

I know a lot about business. and a lot about human nature. And I can probably learn a lot of both. I know that if you reward bad behavior, people will continue to act badly. If you reward companies that hemorage money, then you are going to continue hemoraging money. If you reward lenders who many bad loans, they are going to continue making bad loans.

It's human nature.

You want to stop this practice? then stop propping them up. Let them fail. Let them fail hard.

 

[Chris]

Sorry, you are wrong.

Everything's changed. There is no more 100% money except for VA buyers. There are no more easy loans. You have to be qualified and your qualifications have to check out.

You really don't know anything about business do you?

You're joking right? Simply because you say there is no more easy money there isnt? Despite the fact that absolutely nothing has been done to stop it. Despite the fact that the government is giving out free money to encourage lenders to continue lending to people who can't afford it.

I know a lot about business. and a lot about human nature. And I can probably learn a lot of both. I know that if you reward bad behavior, people will continue to act badly. If you reward companies that hemorage money, then you are going to continue hemoraging money. If you reward lenders who many bad loans, they are going to continue making bad loans.

It's human nature.

You want to stop this practice? then stop propping them up. Let them fail. Let them fail hard.

No, I am not kidding.

Things have changed a great deal.

 

[garyd]

And when the next rounds of layoffs hit Chris and people who looked good before suddenly are out of work and making about 2/3rds what they used to then what. Oh and just betwixt you and the real world most brokers are counting that 8000 bucks as the down payment. That's how a hell of alot of people are qualifying for homes that under normal circumstances they couldn't get. Oh and up 19.8% over last yer whn nothing was moving isn't a hell of a lot.

 

[elvis]

And when the next rounds of layoffs hit Chris and people who looked good before suddenly are out of work and making about 2/3rds what they used to then what. Oh and just betwixt you and the real world most brokers are counting that 8000 bucks as the down payment. That's how a hell of alot of people are qualifying for homes that under normal circumstances they couldn't get. Oh and up 19.8% over last yer whn nothing was moving isn't a hell of a lot.

chris will be a welfare scank.

 

[garyd]

And clueless Elvis. When asked to read the writing on the wall he can't even find the wall.