From CNBC:
Home sales surged in October, just before mortgage rates jumped
A sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer.
Sales of previously owned homes last month rose 3.4% from September to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association of Realtors. Sales were 2.9% higher than October of last year, marking the first annual increase in more than three years.
This count is based on signed contracts, meaning most of the deals were made in August and September. During that time, the average rate on the popular 30-year fixed mortgage was falling. It started August around 6.6% and dropped to a low of 6.11% by mid-September, according to Mortgage News Daily.
“The worst of the downturn in home sales could be over, with increasing inventory leading to more transactions,” said Lawrence Yun, NAR’s chief economist, in a release. “Additional job gains and continued economic growth appear assured, resulting in growing housing demand. However, for most first-time homebuyers, mortgage financing is critically important. While mortgage rates remain elevated, they are expected to stabilize.”
There were 1.37 million units for sale at the end of October, an increase of 19.1% from October 2023. That puts inventory at a 4.2-month supply at the current sales pace. It is still on the leaner side, as a six-month supply is considered balanced between buyer and seller.
Tight supply continues to put upward pressure on prices. The median price of an existing home sold in October was $407,200, an increase of 4% from the year before. By price category, the higher end of the market is seeing more activity than the lower end.
“We still need another 30% in inventory just to get us back to the pre-Covid conditions,” Yun said.
The share of all-cash buyers pulled back to 27%, down from 29% in October 2023. That is still high historically, but lower mortgage rates likely caused that share to drop.
First-time buyers made up 27% of sales, down from 28% the year before and still historically low. They usually make up 40% of sales.
First
Sceond
we have tremendous challenges in public education.
the wrestling lady heading dept of education is a massive problem.
middle aged female teachers dating students.
An epidemic of daily mass school shootings from domestic born young terrorists.
yet ChiFi’s main beef is typical rightwinger complaining about illegals increasing the price of sodas in public schools.
I hate those illegals. They increase the price of soda in public schools.
The DOE does zero for education. It’s a pure patronage pit fronting as an organization that has an actual function of your tax dollars.
Very Stable Genius says:
November 22, 2024 at 8:10 am
“complaining about illegals increasing the price of sodas in public schools.”
Nice to see that you’re finally referring to illegal immigrants as ‘illegals’, rather than ‘migrants’. I bet that Fat Alvin’s assistant DA who just got mugged by one of them, will start using the correct term as well. Of all of the disasters caused by SlowJoe and his team of imbeciles, his open border ‘policy’ is likely to be the most disastrous. Beat it, Joe — and don’t let the door hit you in the diaper on the way out!
Very Stable Genius says:
November 22, 2024 at 8:10 am
we have tremendous challenges in public education.
Oh yeah we do. NJ is supposed to be one of the best in Amerikkka.
Go ask any kid under 30 what Three Mile Island is.
I’ve done my research, none, none at all has a clue. You would think some dumbazz history teacher would let the youth know about the worst nuclear disaster in America-how close it came to melting down, and how it would have affected the People’s republic of New Joisey.
Guess local history isn’t taught here.
Chicago says:
November 22, 2024 at 8:43 am
I hate those illegals. They increase the price of soda in public schools.
Find me one that looks like Camilla Cabello. I’ll help her get her citizenship.
The princesses in my profession. Cop gets the win on this for me.
https://youtu.be/RfcW-ZKbkdU?t=772
While mortgage rates remain elevated, they are expected to stabilize.”
This Yun guy is such a politician. How amusing. Donuts are round. My dog pees. Rates are expected to stabilize… what the fuck does that even mean? There’s still no inventory and prices are in the exosphere. Pay me.
Even better time stamp. Gonna love this one
https://youtu.be/RfcW-ZKbkdU?t=870
And here is another drama queen from my profession. Is this what happens when you grow up privileged?
https://youtu.be/hz6rIegwGLk?t=525
How is that Iowa poll looking? -3 still? The fake news lady who created it’s career is now over.
Three Mile Island –
Lots of books written about the incident. However the meltdown has been attributed to a one very fat American who’s large belly caused the meltdown.
For you see the emergency cooling pumps had infact activated, but a “block valve” was closed and the water was not flowing. In the control room the valve position lights for the block valve were covered by a yellow maintenance tag and the operator “Homer Simpson” did not see the maintence tag because his very fat belly was blocking the view.
All true folks..
Take a look inside reactor 1 control room here this is being restarted again since it was shut down 5 years ago… at the new “Microsoft” Crane Clean Energy Center (CCEC)
Take a look at the pictures, this control room should be in a museum not running again.. 1960s design by General Electric.
https://local21news.com/news/local/gallery/crane-clean-energy-center-three-mile-island-unit-1-constellation-energy-restart-plans-2028-goal-pennsylvania-middletown-nuclear-power-plant-microsoft-purchase-agreement-pjm-grid-october-2024?photo=1
Juice,
Ask any 25 year old if they ever even heard of Three Mile Island.
They think it’s a f’n resort. I’m telling you, I asked so many.
It’s NOT taught to them. At all. Almost like it was some sort of taboo thing that is never to be spoken about.
Too bad Gordon Lightfoot isn’t alive, maybe he could have written a song about it.
I guess the Chinese kids are good at hacking, and the American kids are good at drinking and being brats to the PoPo when caught drunk driving.
And our government, while spying on us, just leaves the door to the vault open for the Chinese to walk on in and take what they want. Hehe:
The Chinese government espionage campaign that has deeply penetrated more than a dozen U.S. telecommunications companies is the “worst telecom hack in our nation’s history — by far,” a senior U.S. senator told The Washington Post in an interview this week.
The hackers, part of a group dubbed Salt Typhoon, have been able to listen in on audio calls in real time and have in some cases moved from one telecom network to another, exploiting relationships of “trust,” said Sen. Mark R. Warner (D-Virginia), chairman of the Senate Intelligence Committee and a former telecom venture capitalist. Warner added that intruders are still in the networks.
Though fewer than 150 victims have been identified and notified by the FBI — most of them in the D.C. region, the records of people those individuals have called or sent text messages to run into the “millions,” he said, “and that number could go up dramatically.”
Those records could provide further information to help the Chinese identify other people whose devices they want to target, he said. “My hair’s on fire,” Warner said.
Those details, some previously undisclosed, add to the alarming understanding of the scope of the hack since late September, when the U.S. government, after being alerted by industry, began to grasp its seriousness. “The American people need to know” how serious the intrusion is, Warner said.
The hackers targeted the phones of Donald Trump and his running mate, Sen. JD Vance of Ohio, as well as people working for the campaign of Vice President Kamala Harris and State Department officials.
The effort was not directly election-related, Warner noted, as the hackers got into the telecom systems months earlier — in some cases more than a year ago.
The networks are still compromised, and booting the hackers out could involve physically replacing “literally thousands and thousands and thousands of pieces of equipment across the country,” specifically outdated routers and switches, Warner said.
“This is an ongoing effort by China to infiltrate telecom systems around the world, to exfiltrate huge amounts of data,” he said.
The Salt Typhoon telecom breach makes Colonial Pipeline and SolarWinds — major cyberattacks linked, respectively, to Russian-speaking criminals and to the Russian government — “look like child’s play,” Warner said.
Too bad Gordon Lightfoot isn’t alive, maybe he could have written a song about it.
“Does anyone know where the love of God goes when the waves turn the minutes to hours.”
Great line, right Eddie?
Great song… incredible song writer. He told stories with intense passion. Bob Dylan said when listening to him, he never wanted the songs to end.
We related to people like Dylan, Lightfoot, Neil Young, Joni Mitchell, Cat Stevens, etc.
This generation has Taylor Swift. Ugh!! The agony!
Gordon Lightfoot…….read about Cathy Smith who messed with the Band and they wrote “The Weight” about her, then she messed with Lightfoot, and he wrote “Sundown” about her, and then she killed John Belushi….
Cathy Smith… some baggage there, no? ;) Well, she’s dead now but… ha!
8:44 >> The DOE does zero for education. It’s a pure patronage pit fronting as an organization that has an actual function of your tax dollars
You couldn’t be more wrong.
Education cannot be run like a business. The grants given to higher ed constitute about 14% of income for state colleges like our own Rutgers.
And she is not even a college grad!
There is currently a multi-faceted war against education by the new bozos in town.
Rent: I would argue there has been a war on education long before the new bozos in town.
If the kids can’t read, write or do math, who should we blame?
‘There is currently a multi-faceted war against education by the new bozos in town.”
Correct and correct.
The old school Dems used to have educators in their pockets for their union endorsement and votes. But as always, too many mandates from too many patronage appointees and they lost them both.
Old school Republicans wanted vouchers over public school funding so they could pay for the rich kids prep schooling.
MAGA wants to defund education so everyone will stay as dumb as they are so they can stay in power.
re ” state colleges like our own Rutgers”
A real model of efficiency for sure.
>> If the kids can’t read, write or do math, who should we blame?
Definitely not banning books or stopping evolution or critical race theory
Well, once you’ve been read to by a drag queen, you never want to read again in fear of being converted into one.
Forget the DOW. How about my SOFI!
And you know why there is a war on education…..
-Take the well known keep the population dumb and away from critical thinking skills that was always in the right wing and religious crowd, best seen in MS, AL, LS. OK and alikes.
-Add the point of view brought forward by Peter Turchin in his book – End Times. Which means if you look at the advisory crowd around OrangeTurd, all are frustrated elites aspirants. I’m copying and pasting this book blurb below.
Back in 2010, when Nature magazine asked leading scientists to provide a ten-year forecast, Turchin used his models to predict that America was in a spiral of social disintegration that would lead to a breakdown in the political order circa 2020. The years since have proved his prediction more and more accurate, and End Times reveals why.
The lessons of world history are clear, Turchin When the equilibrium between ruling elites and the majority tips too far in favor of elites, political instability is all but inevitable. As income inequality surges and prosperity flows disproportionately into the hands of the elites, the common people suffer, and society-wide efforts to become an elite grow ever more frenzied. He calls this process the wealth pump; it’s a world of the damned and the saved. And since the number of such positions remains relatively fixed, the overproduction of elites inevitably leads to frustrated elite aspirants, who harness popular resentment to turn against the established order. Turchin’s models show that when this state has been reached, societies become locked in a death spiral it’s very hard to exit.
In America, the wealth pump has been operating full blast for two generations. As cliodynamics shows us, our current cycle of elite overproduction and popular immiseration is far along the path to violent political rupture. That is only one possible end time, and the choice is up to us, but the hour grows late.
Who has their Bitcoin 100K hat?
The soda is too damned high.
https://m.youtube.com/watch?v=KAUmJa6duBk&pp=ygUUZGVwZWNoZSBtb2RlIHN1bmRvd24%3D
1987 Condo says:
November 22, 2024 at 10:20 am
Gordon Lightfoot…….read about Cathy Smith who messed with the Band and they wrote “The Weight” about her, then she messed with Lightfoot, and he wrote “Sundown” about her, and then she killed John Belushi….
Yeah we need those too. $1.25 billion per missile battery and $12.6 million per missile fired.
Another Day another escalation.
https://www.newsweek.com/russia-ukraine-tgaad-1989489
Daniel Jones has been released.
Oh he’s a football player.
I googled him, thinking he was a murderer or a Jan 6 guy.
OC1 says:
November 22, 2024 at 1:16 pm
“Oh he’s a football player.”
How un-surprising that a Dem stooge doesn’t know the Giants QB, or likely anything about football — although I’m sure he cheered for Colin Kaepernick and the other ‘kneelers’. Embarrassing!
While on the topic of pro sports, appears there are going to be a lot more Trump-dancers and a lot fewer kneelers now that pro athletes are being targeted by South American gangs that Joe and the Dems welcomed into the country. You truly need to be a stooge to support the modern Dem party.
I’ve been documenting the decline in education on this board for nearly 2 decades in real time. I did it when I taught at Rutgers and I’ve done while I taught at high school….and I’ve even done it watching my kids go through the school system.
While you guys argue about Evolution/Religion/and obscene graphic inappropriate things….the collective population is failing in Reading/Writing/Math. Focus on the basics…it’s that friggin simple. You can talk to 100 percent of the kids in my AP Physics C class and ask them how they got so friggin good at math because I know the school system isn’t designed for it. Most common answer “My parents worked with me”.
1:16 Spoken like a true bench warmer.
1:38 is the Bench Warmer….btw
Oh he’s a football player.
I went on an interview years ago during the time when Dan Marino and Emmit Smith were in their prime playing days. I gave an example of two athletes who gave full effort and worked as part of team. It was in relation to a question about team work. The manager paused and said he didn’t know who they were. I ended the interview and thanked the Director for meeting with me. That told me: a) why the position was open and b) why people probably don’t want to work with this guy.
That’s no offense to anyone; to each, their own but in any relationship, work or otherwise, a certain meeting of the minds must be met.
Pete Hegseth, Donald Trump’s pick for defense secretary, has written in a book that he could imagine a scenario in which the US armed forces would be used violently in American domestic politics.
Hegseth, a former elite soldier turned rightwing Fox television personality, is Trump’s choice to lead the Pentagon which controls the gigantic American military – by far the largest armed force in the world.
In one of his five published books he wrote that in the event of a Democratic election victory in the US there would be a “national divorce” in which “The military and police … will be forced to make a choice” and “Yes, there will be some form of civil war.”
Hegseth’s 2020 book exhorts conservatives to undertake “an AMERICAN CRUSADE”, to “mock, humiliate, intimidate, and crush our leftist opponents”, to “attack first” in response to a left he identifies with “sedition”, and he writes that the book “lays out the strategy we must employ in order to defeat America’s internal enemies”.
You guys voted for it. I wouldn’t want California to decide to jump ship and go it alone though. We make most of the munitions and have the technology and money to make life very difficult for overzealous red army fighters. I’m glad Newsome is our guy. He’s smart and is a fighter. He understands the wheels of government and will be a nice fire wall against the nonsense that the right thinks is in store.
How un-surprising that a Dem stooge doesn’t know the Giants QB, or likely anything about football
I couldn’t even tell you who won the world series this year!
Some people are watchers; others are doers.
Get yer fat ass off the couch and do something.
Get yer fat ass off the couch and do something.
I’m up to 320 lbs, any suggestions on exercises?
EX says:
November 22, 2024 at 1:53 pm
“I’m glad Newsome is our guy”
You’re also glad that SlowJoe, Tampon Tim, Pencil Neck Schiff, Carmella Harris and Shrillary Clinton are your ‘guys’. You’re also a dud that takes a back seat to his pants-wearing wife.
Great post by BRT at 1:44pm. I’d be happy to provide a letter of recommendation if you want to volunteer for the Department of Govt Efficiency.
2:05 I’ll say it again….You guys won, it’s yours now. See how it goes. All of those folks you seem obsessed with are afterthoughts. The economy and the Country are now under Conservative governance. Let’s how that goes. I’m not rooting for failure, but I am not optimistic about the future of the place. I think the GOP wallows in incompetence.
2:05 I love how you know nothing about me, but somehow thinks that having a drop dead gorgeous wife that makes “bank” is an insult. Yeah, she’s amazing. I love her dearly.
OC1 I noticed my entire life that the least athletic among us were the most voracious sports fans. Those who can’t do “watch”.
I’ll frame this nonsense further, I grew up in the mid-west and mid-south. I fought my way through school by using my fists. Bullied for being Jewish, but instead of teaching me math, my dad taught me how to fight. I’ve pummeled a few “nazis” in my time. Now I probably am a bit too old for that nonsense, but I do not put up with nonsense from freaks like the “bold folks” on the internet. I’m large enough and mean enough to not be approached in public by folks who wish me ill will. I am very familiar with the “classic America” that Gary pines for here. It’s a violent place.
I’m up to 320 lbs, any suggestions on exercises?
Seriously?
Ex: re: “We make most of the munitions”
Put down the bong already….
Lockheed Martin makes their missiles in Florida and Alabama.
Boeings guided bombs are made in Missouri..
General Dynamics Abrams tanks (Ohio), Stryker vehicles (Ohio, Alabama) Virginia-class attack submarines (Groton, Connecticut)
Lets not forget the staple of the current war 155 mm shells (Scranton PA)
Raytheon – Bombs, Bombs and more bombs….. Texas, Arkansas and Alabama.
I cannot find any major government supplier of munitions or tanks or heavy weapons based in California.
We make the guidance systems numb nuts.
Yes, California is involved in missile defense systems in several ways, including:
Ground-based Midcourse Defense (GMD)
The GMD system uses interceptors launched from Vandenberg Air Force Base in California to intercept nuclear-armed ICBMs. Boeing is the prime contractor for the GMD system, with Northrop Grumman and Raytheon as key subcontractors.
California Army National Guard
The 100th Missile Defense Brigade’s Detachment 1 operates the launch facilities and equipment at Vandenberg Space Force Base. Their mission is to intercept and destroy incoming ordnance.
Space and Missile Systems Center
This U.S. Space Force center is located at Los Angeles Air Force Base and is responsible for developing, acquiring, and maintaining military space systems.
Other missile defense systems include:
THAAD: This system has a higher testing success rate than the GMD.
Aegis: This system is deployed on U.S. Navy ships.
SeaRAM: This ship defense system defends against cruise missiles, drones, and helicopters
re:” guidance systems?”
Try again… Panama Red…
That would be BAE, Elbit Systems, Raytheon…
Nothing in California except for a small presence in the ShipYard in San Diego for BAE Systems.
https://www.baesystems.com/en-us/our-company/inc-businesses/platforms-and-services/locations/north-america
Elbit Systems – Another BIG NOPE!
Fort Worth, Texas
Merrimack, New Hampshire
Charleston, South Carolina
Talladega, Alabama
Roanoke, Virginia
Fairfax, Virginia
Boca Raton, Florida
DeLeon Springs, Florida
How about good old Raytheon aka RTX ? You know good old air, sea, and land-launched missiles, aircraft radar systems, weapons sights and targeting systems, communication and battle-management systems, and satellite components?
Don’t see any in CA…. https://www.rtx.com/locations
RTX also owns Collins aerospace. What do they make in California? No weapons or guidance they do make however avionics for commercial aircraft in Chula Vista, CA…
No boom booms are made in California….Sure they test missiles, but the plants where the boom booms are made are in mostly red states….
SmallGov, A serious question- did you finish college?
Practice injecting GLP-1’s…..
Fast Eddie says:
November 22, 2024 at 2:02 pm
Get yer fat ass off the couch and do something.
I’m up to 320 lbs, any suggestions on exercises?
Looks like those red states nobody wants to move to makes some things.
DOW closes at record high.
Thank you, President Trump!
Practice injecting GLP-1’s…..
I’ll need to rent one of those mobility scooters for the get-together.
BRT, you must have been an awful teacher if your school kids knew so much more than you that you had to ask them how they got so good.
And posting on this board doesn’t make it “documenting”. Did you publish a paper about it with real data? Otherwise your 2 cents are worthless.
I say that because I know teachers who actually worked to make a difference to their kids and have real documentation.
12:05 – Use your brain and tell me how the teacher’s gender affects how a kid learns? All your comment shows is how stupid you by spitting casual sexism
320 lbs is literally 2 of me.
Is Eddie 11 ft tall? ;)
But seriously Eddie if you want to start exercising find something that you enjoy doing, and do it.
Even if it’s not the number #1 way to burn calories- any exercise that you enjoy and will actually do is much better than any exercise that you hate (and won’t do as much).
Walking, hiking, maybe kayaking?
Rent: Why the gratuitous insults./nastiness to BRT? Is your two cents on any topic worth more than his?
Lib: So its just wealthy Republicans that want school vouchers for their kids? Is there any possibility that there are good hardworking low income/poor people trapped in urban areas that want to get a good education for their children?
I know people including family members who are/were teachers in NYC. They will tell you the urban education system is not working. I guess it is just convenient to blame wealthy Republicans, for wanting vouchers so their off spring can go to prep school.
If you to attend a private school, fine. But the government has no obligation to pay for it.
Letting off some steam 3b
Education is getting fucked and we are going in the wrong direction. Blaming it on parents is the easy way out.
Ex: Agreed. But, should the parents who don’t utilize the public school system be forced to pay for it?
Rent: There are many parents who don’t give a flying fart about their children’s education, including those in nice suburban towns.
3b, since I work from home should I pay for the roads?
Eddie
What kind of Chex mix pairs well with sanctuary city protests?
Or should I go for gourmet popcorn with grass fed butter and white truffle salt?
https://nypost.com/2024/11/22/us-news/denver-mayor-threatens-to-deploy-cops-50k-residents-in-tiananmen-square-moment-to-stop-trumps-mass-deportations/
Beer,
Chex Mix or popcorn will work, just make sure you’re in camo and well-hidden. As for the illegals, if I was the incoming president, I’d ship every one of them to Denver and tell them they’re safe there. Stay in Denver and no deportation. Step out of Denver, you’re gone. Denver’s population is 715,000; I say we make it the biggest city in the U.S. within a month.
Most common answer “My parents worked with me”.
There is so much more to this and I think it comes down to natural ability, environment and quality of instruction. I think the path of a kid to to your AP-C class is determined in middle school. If they are not coming out of 8th grade with Algebra 1 they are not going to get the calculus background for them to succeed in AP-C.
In a lot of cases we have normalized that it’s ok to be bad at math. Its also ok to get to algebra and stop. Parents can install number sense in kids at a young age and I think its those building blocks that get kids ahead. But there is a level where the majority of parents tap out. For most that is way before calculus. There are also basic skills in science that are assumed can be self taught. How to graph, how to read a table.
Then we have the math level of the teachers. Many Elementary teachers (and non science/math stream) struggle to pass the math component of their Ed degree. We have a family friend who teaches elementary, came out with the following “Not only do I have to teach math, they expect me to understand it.”. You are teaching Math at a level that many science teachers would struggle to teach.
There is also a racial aspect to this. If you are in an run down urban district, you are not getting that level of instruction in the class to get you to the math level required, heading into high school. You are missing those building blocks if you parents are not that well educated themselves.
Is Eddie 11 ft tall? ;)
Yes. And I consume the English with fireballs from my eyes and bolts of lightning from my arse.