Still truckin’

From CNBC:

US existing home sales increase more than expected

U.S. home sales increased more than expected in October as hurricane-related disruptions dissipated, but a chronic shortage of houses which is pushing prices beyond the reach of some first-time buyers remains an obstacle.

The National Association of Realtors said on Tuesday that existing home sales rose 2.0 percent to a seasonally adjusted annual rate of 5.48 million units last month. September’s sales pace was revised down to 5.37 million units from the previously reported 5.39 million units.

Economists polled by Reuters had forecast home sales rising 0.7 percent to a 5.42 million-unit rate in October. The NAR said sales in Houston and Jacksonville, regions which bore the brunt of Hurricanes Harvey and Irma, had rebounded. Sales in South Florida, however, remained weak last month.

Sales in the South, which accounts for almost half of the existing homes sales market, increased 1.9 percent last month. There were also gains in sales in the Northeast, Midwest and West regions.

Existing home sales make up about 90 percent of U.S. home sales. They fell 0.9 percent on a year-on-year basis in October.

Home sales remained well below a 10-year-high 5.70 million-unit pace touched in March. Sales have been restrained by an acute shortage of properties, which is exerting upward pressure on house prices, and sidelining some first-time buyers.

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25 Responses to Still truckin’

  1. grim says:

    Bah rough week, missed this one. Finally feel like I’m recovering. Flu -> Bronchitis -> Pneumonia, not fun.

  2. dentss dunnigan says:

    Inventory flying off the shelf ……

  3. The Great Pumpkin says:

    You are obsessed with corruption. Name me one thing that a human being has been put in control of that has not been corrupted by said human nature? You are telling me that human nature is different based on locations? Oh, those Texas politicians are less corrupt than Michigan politicians…. Oh, nyc politicians are more corrupt than Miami politicians….. Just bias. Same human nature is at play.

    Nj is based on home rule. That’s why it’s so hard to get stuff done. Much more difficult to corrupt home rule than some regional govt. Let that sink in for a minute.

    SorryToLeave says:
    November 24, 2017 at 7:29 am
    This is a funny story. I wonder if NJ Liberals believe it.

    You don’t have a “land problem”. You have a corrupt government problem. Have you ever tried to do anything in NJ? LOL.

    Get real.

  4. grim says:

    The problem with home rule is that local politicians have taken the term literally, to mean that they are actually reigning over their personal monarchy, as if by the will of god. People who think Trump’s behavior is egregious, have never dealt with NJ Mayors.

  5. grim says:

    What a complete crock. At least Grim has an excuse in that he has probably been sampling his own product all morning.

    Says the guy who feels comic culture hasn’t at all contributed to the proliferation of misogyny in the US (last I checked, big prominent tits and an absolutely unrealistic waist to hip ratio was still the norm, the success of Wonder Woman is further proof that the Amazonian mythology is alive and well and that comic culture still can’t embrace a positive female role model that doesn’t include a bikini and cleavage), that the behavior between elected individuals in Washington and their staffers is totally consensual, you know, because an 21 year old away from home for the first time in the presence of powerful figures can totally say no. I know you won’t back down on comic books, but how about you finally admit you are wrong on that last point?

  6. grim says:

    Just so I’m not totally misunderstood here, I’m sure plenty of male staffers have been in the same positions with women of power. The issue is exactly the same.

    I mean, really, SOMEBODY has got to be taking care of Mnuchen’s wife. You see that look on her face when in the picture with the sheet of dollar bills. They just happened to get her looking at that night’s dinner.

    https://cdn2.i-scmp.com/sites/default/files/styles/980×551/public/images/methode/2017/11/16/177e7692-ca94-11e7-9743-ef57fdb29dbc_1280x720_143657.jpg?itok=tZsmtxH0

  7. PumpkinFace says:

    “Much more difficult to corrupt home rule than some regional govt. Let that sink in for a minute.“

    Hahahaha

  8. Fabius Maximus says:

    “Says the guy who feels comic culture hasn’t at all contributed to the proliferation of misogyny in the US ”

    Wow, your rejection letter from Marvel/DC must have been life changing for you to carry so much vitriol. For the record ComicCon was great this year. Mrs Fab went as well and loved it.

    Just curious, as you are the stat guy. Can you quantify how much comic culture has “contributed to the proliferation of misogyny in the US “? I would say not that much. My kids schools are not exactly overrun with demand for the latest comic book offerings and D&D club is never going to disrupt Football practice. In fact the local Comic shop has a demographic that is more “quaffing mead a Renaissance Faire” which is a lot healthier than the exit ramp at a Giants/Jets game.

  9. Fabius Maximus says:

    Excellent view on this topic. When people put “Progressive Liberal” in a post, it usually means they are talking out their “GOP Family Values”

    http://www.slate.com/articles/news_and_politics/trumpcast/2017/11/justin_peters_on_fox_news_hosts_and_why_the_network_won_t_change_on_trumpcast.html
    How do they talk about sexual harassment on Fox News?

    They are largely burying their own history and culpability in a rush to paint sexual assault and harassment as a strictly liberal issue.

    But doesn’t that run up against their view that talking about sexual harassment is a form of political correctness, that they don’t like anybody talking about it?

    When Fox has an opportunity to spotlight liberal hypocrisy, it will take that opportunity. And that’s what it’s done. That was the frame with which it covered the Harvey Weinstein scandal: Look at all of these celebrities and Democrats who were so close to Weinstein, who went to his parties, applauded his films, took his donations—they had to know. They were complicit. It used this silence on the part of so many prominent entertainers and big-name Democrats as a way to invalidate anything else they might say. To say, Well, how can you trust their opinions when they tell us about global warming? They didn’t say anything with Weinstein. There were a few Fox personalities who would stand up and say, You know, we’ve had our own history with this. Geraldo Rivera is one of the few reasonable correspondents at Fox. I came to really appreciate Geraldo’s work—

  10. Fabius Maximus says:

    And as for Wonder Woman, go ahead and dis it. One of the most Gender Positive movies ever and is redefining the narrative in this conversation. Ratner is gone.

    http://variety.com/2017/film/news/gal-gadot-brett-ratner-wonder-woman-2-1202615582/

  11. CaliGula says:

    Comic culture is neither…. discuss

  12. The Original NJ ExPat says:

    ^^^LOL

  13. The Great Pumpkin says:

    Best economic boom cycle of our lifetime and ever. Remember, it’s only getting started. I have stated this for how long? Exact years it would take place! And then I have expat claim I don’t have a high school degree….lmfao!

    Just remember fast Eddie….I made these calls way before I even knew trump would even run for president…aka he has nothing to do with this boom cycle.

    “Wall Street prognosticators, whose penchant for bullishness always looks prescient when prices are rising, are sticking with what works amid a 285 percent surge in the S&P 500. Earnings are expanding at a double-digit pace, they say, the economy is strengthening across the globe with a consistency not seen in a decade, and tax cuts in the U.S. will add stimulus.“

    https://www.bloomberg.com/news/articles/2017-11-24/longest-s-p-500-rally-ever-it-s-wall-street-s-official-forecast

  14. grim says:

    It does look like we’ve got a fair bit to run.

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  17. Fast Eddie says:

    Trump 2020! No stopping this train!

  18. 3b says:

    Then run we will!

  19. Walking bye says:

    3b how are the deer doing in your neck of the woods? All this construction in township has moved them to my yard. I have never seen anything like it. I was blowing the leaves with a backpack blower and the deer stood 30 feet away munching on the grass, not moving. I went inside got the kids stood on the deck 10 ft away and the buck stayed another 5 minutes before leaving.

  20. 3b says:

    Just saw one the other day about 20 feet away it looked up and paid me no mind. A couple of Fox too are around. Have never seen so many. A large tract was cleared for an apartment development. I assume that is where they are coming from.

  21. JJ fanboy says:

    Walking bye,

    You should have got your cross bow

  22. Libturd sporting Tiger Wood says:

    When I hiked through the Smoky’s in Virgina, the deer had been so tamed from morons feeding them that they walked around the lean to that I was sleeping in. Thank god they didn’t step on me.

  23. Libturd sporting Tiger Wood says:

    Oops. Probably don’t need the possessive there.

  24. Phoenix says:

    If the deer are bothering you, get a slaughterbot hunting permit, you can take them out right in your own back yard. Clean kill, no abdominal shots to worry about. You can choose bucks only if that is what you want. Or maybe there is one particular deer bothering you, take a picture of him/her and deer facial recognition will take over.
    uses only 3 grams of shaped explosive to do the job. Single use only.

    https://www.youtube.com/watch?v=9CO6M2HsoIA

  25. 3b says:

    The deer don’t bother me.

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