Comments on: Home Prices Keep Falling

By: francis

francis — Sat, 27 Sep 2008 22:35:22 +0000

The National Association of Realtors reported that sales of existing homes dropped by 3.8 percent in June to a seasonally adjusted annual rate of 5.75 million units. That is the slowest sales pace since November 2002 and the decline was about twice what had been expected.The median price of an existing home edged up to $230,100, 0.3 percent more than a year ago. The median is the point where half the homes sold for more and half for less.It was the first price gain in 11 months. Analysts, however, said they were looking for prices to fall further because of the large number of unsold homes.
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francis
Link Building

By: optomist

optomist — Thu, 25 Sep 2008 16:27:47 +0000

Does anyone see the golden nugget in this report? Inventory is dropping for a second month in a row. It dropped 7%. This is a good sign the bottom is upon us.

By: still_looking

still_looking — Thu, 25 Sep 2008 02:10:44 +0000

290 njr
Did you say realtor?
I have just the house for you!
Today, I dealt with a realtor who bought a home just to flip it to unfortunate first time buyers like yourself.
F that bagholder! I say let him sweat!

By: Steve

Steve — Thu, 25 Sep 2008 01:08:21 +0000

This is unreal, watching this right now.

Remedial robot teleprompter econ 50.5

By: New Jersey Realtor

New Jersey Realtor — Wed, 24 Sep 2008 21:50:37 +0000

It is unfortunate, and rather scary, how the market has tumbled. However, if you are looking to buy a home, now is the right time. My wife and I are first time home buyers and we were able to find an affordable home with good rates. I suggest all who can to do the same.

By: jcer

jcer — Wed, 24 Sep 2008 20:04:59 +0000

Clot, don’t worry Hoboken is an enviable paradise where the rich and famous live and waterfront property always appreciates and some day soon they will get a movie theater. All of this makes it so much better than Manhattan. Seriously, Hoboken, Jersey City, NYC, and all of the NY suburbs are dead in the water. High costs and a shrinking job market do not amount to price appreciation.

By: Frank

Frank — Wed, 24 Sep 2008 19:40:51 +0000

“Please explain again how you’ve arbed the MER/BAC merger.”

I bought MER calls on Friday before it.

By: BC Bob

BC Bob — Wed, 24 Sep 2008 19:33:07 +0000

By the way, who says liar loans and no doc are buried. Hank has Congress ready to sign the most, potentially, explosive teaser rate ever structured during this crisis.

By: MJ

MJ — Wed, 24 Sep 2008 19:07:58 +0000

Laughing: My wife thinks I’m spendy.

By: BC Bob

BC Bob — Wed, 24 Sep 2008 18:32:24 +0000

“U.S. Treasury Secretary Henry Paulson said on Friday the housing market correction appears to be at or near its bottom and that troubles in the subprime mortgage market will not likely spread throughout the economy.”

Reuters, 4/20/07

“We’re very vigilant,” Paulson said.
“Our banking system is a safe and sound one,” he added at another point.

Marketwatch, 9/15/08

“I think there is a reasonable case to be made that when you look at the housing correction, the largest part of this we can work through in months.”

Business Week, 7/22/08

“Our banking system is a safe and a sound one,” Paulson insisted on CNN’s “Late Edition.” He had earlier told CBS, the list of troubled banks would grow.

But “this is a very manageable situation … our regulators are focused on it.”

Reuters, 7/21/08

By: Clotpoll

Clotpoll — Wed, 24 Sep 2008 18:26:07 +0000

Frank,

Is hobocondo your deskmate, or your margin clerk?

You + hobocondo = paramecia

By: Clotpoll

Clotpoll — Wed, 24 Sep 2008 18:24:35 +0000

Frank (282)-

Please explain again how you’ve arbed the MER/BAC merger.

By: Frank

Frank — Wed, 24 Sep 2008 18:14:35 +0000

Hobocondo Says:

calling people a “retard” or a “paramecium” ..

Don’t get upset, these are NJ RE agents for you. It’s normal.

By: Laughing all the way

Laughing all the way — Wed, 24 Sep 2008 18:13:41 +0000

darn, messed up the italics.

By: Laughing all the way

Laughing all the way — Wed, 24 Sep 2008 18:13:19 +0000

I really don’t think anyone here wants pain for the USA. The most concerned folks here are perhaps the most fundamentally American in spirit.

We all want the same thing — health, safety, prosperity and happiness for our families, and to live in a country we can have some pride in.

We all get angry when we see motion counter to that.

i find myself liking this new guy more and more with each post.

“deep seated thrift craves vindication”