From the NAR:
Pending Home Sales Edged Up 0.6% in August
Pending home sales in August rose 0.6%, according to the National Association of REALTORS®. The Midwest, South and West posted monthly gains in transactions, while the Northeast recorded a loss. Year-over-year, the West registered growth, but the Northeast, Midwest and South declined.
The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – increased to 70.6 in August. Year over year, pending transactions were down 3.0%. An index of 100 is equal to the level of contract activity in 2001.
“A slight upward turn reflects a modest improvement in housing affordability, primarily because mortgage rates descended to 6.5% in August,” said NAR Chief Economist Lawrence Yun. “However, contract signings remain near cyclical lows even as home prices keep marching to new record highs.”
The Northeast PHSI diminished 4.6% from last month to 61.6, a drop of 2.2% from August 2023. The Midwest index intensified 3.2% to 70.0 in August, down 3.6% from one year ago.
The South PHSI grew 0.1% to 83.6 in August, receding 5.3% from the prior year. The West index increased 3.2% in August to 58.0, up 2.7% from August 2023.
“In terms of home sales and prices, the New England region has performed relatively better than other regions in recent months,” Yun said. “Contract signings rose in both the most affordable and most expensive regions – the Midwest and West, respectively – because mortgage rates have fallen nationally. Housing affordability will continue to see notable improvements.”
“The Federal Reserve does not directly control mortgage rates, but the anticipation of more short-term interest rate cuts has pushed long-term mortgage rates down to near 6% in late September,” added Yun. “On a typical $300,000 mortgage, that translates to approximately $300 per month in mortgage payment savings compared to a few months ago.”
Phirst
Talk Tuah. #2 Podcast in America. Learn what American women think is important to know today! NSFW
https://www.youtube.com/watch?v=1J6VVBoKtVk
Trump is an eejit, but a smarter one than Kamala who lets Zelensky pull her strings like a puppet.
She will step over homeless vets while carrying bags of American taxpayer dollars to put in Zelensky’s hands. She is a traitor to the American soldier.
But hey, it’s not like she has ever signed up for duty or Selective Service. Just like that Danish Dame.
Zelensky Cuts Off Trump After He Boasts About Relationship With Putin: ‘I Hope We Have More Good Relations’
‘murica. New “fear” unlocked. College education finances unlocked as well.
Hey, beats working for a livin’
Hehe.
A woman and her husband are suing American Dream Mall in East Rutherford and some of its business partners after she says she was run over by a motorized animal while holding her baby in the Summer of 2023.
Jia Li, a Millburn resident, was walking through the mall holding her baby when she was “suddenly and violently” struck from behind by a person operating a motorized version of a plush animal on Sunday, July 9, 2023.
Li’s husband, Bo Hu, said he suffered the loss of his services and companionship of his wife as a result of the incident, according to the lawsui
Florida republicans now asking for federal government Marxist socialism for taxpayers pay for their flood damage.
Ted Cruz voted against federal
Government relief for NJ during Hurricane Sandy
“ FLORIDA
DeSantis voted against Sandy aid a decade ago. Now his state needs the help.”
Capitalism for NJ.
Marxist Socialism for Florida on the back of taxpayers
“On a typical $300,000 mortgage, that translates to approximately $300 per month in mortgage payment savings compared to a few months ago.”
Sorry, the house price will just increase as the 30-year rate lowers a bit. Gone are the days of a buyers market. House ownership is what owning a Mercedes Benz used to be.
VSG
That’s very smart on his part. He never has to pay, those cheap azz Boomers (type that wouldn’t fix their condos) will vote for him, and at the end of the day, our weak azz government that hands out dollars to everyone not deserving (like Ukraine, the bankers, the insurance companies) will do what they always do.
Florida will get it’s money no matter what. Just like when the Cretin Obama bailed out the banks.
We live in the land of supporting our defective children.
Religion:
https://www.reddit.com/r/CrazyFuckingVideos/comments/1fr170z/what_is_really_crazy_is_the_amount_of_people_who/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button
And now, a message from the Haitian President:
https://www.youtube.com/watch?v=8EX-Tr1eiYU
Who was more ‘brilliant’, Cumella’s handlers suggesting she visit the border or Cumella actually visiting the border? You thought Joe was a mess of an administration? Cumella is saying, “Hold my beer.”
Speaking of brilliant, ICE released the number of violent felons who crossed the border illegally as Cumella’s plane touched down in Arizona: 13,000 murderers, 16,000 rap1sts and 452,000 offenders overall roaming among us. That’s the ones ICE knows about, not the totals overall.
Zelensky can say all he wants about continuing to fight the Russians, but at the end of the day they just don’t have the manpower. Also, when this war ends the Ukrainians still need to have some residents. As it is numerous men of military age have scattered throughout the world. Once they put down roots many of these people will not be returning to a war ravaged land. Plus you have the war casualties.
Nice that Harris finally visited the border. I believe she said something to the effect that Trump didn’t do anything to control immigration. Watching Harris is like reading a George Orwell novel.
On one hand, I think it’s totally hypocritical to vote against aid and beg for it later like Texas and Florida do. At the same time, NJ doesn’t actually allow aid to meet the intended people other than the crumbs. We make it vanish. At the same time, wtf was with Maui? They didn’t do anything for them and just pretended it didn’t happen .
Does anyone know when that Flatulence Reduction Act kicks in? Cheez-Its and Chex Mix prices are still rising.
Sorry, the house price will just increase as the 30-year rate lowers a bit.
Not sure why so many people don’t seem to get this. Increase demand without increasing suply = higher prices.
Does anyone know when that Flatulence Reduction Act kicks in? Cheez-Its and Chex Mix prices are still rising.
YOY inflation for August was 2.5%.
Eddie,
You need to wean them off of the brand name cereal and buy the cheap stuff in bulk.
I pledge allegiance to the flag, of the United States of America.
Hehe.
BRT says:
September 28, 2024 at 9:42 am
On one hand, I think it’s totally hypocritical to vote against aid and beg for it later like Texas and Florida do. At the same time, NJ doesn’t actually allow aid to meet the intended people other than the crumbs. We make it vanish. At the same time, wtf was with Maui? They didn’t do anything for them and just pretended it didn’t happen .
Time for a discussion.
When the Kamel wins the election, how do you game the 50k business start up money?
You know people are going to do it, but what is the best way?
And her 25k house downpayment thing, well, that’s just a gift to Boomer, who will jack up her house price accordingly.
And the 6k child credit, that’s not enough for a white woman to want to bear a child, it’s only 10 months of Tahoe payments. OTOH it will help the Latin ladies, and for that I think it’s great. They are at least family friendly.
“murica. Pony up, taxpayers. Hehe
Police pressure a man into confessing he murdered his own father after a 17 hour interrogation. His father was never harmed and he was awarded $900,000.
https://www.youtube.com/watch?v=n3vL9BC1bTY&t=15s
Oc1 Inflation is decreasing from where it had been rising, but prices are not going down, just not going up as much as they were. We need some real deflation across the board.
Fast: At some point it will crash, simply not enough people out there to pay 800k for a cape in Fairlawn. At some point we will get a nasty recession, credit card balances increasing while defaults are increasing at the same time. Credit card rates dropping from 24 to 22 percent won’t help.
According to an article I read in Axios , men and women especially among Gen Z are diverging further than ever before. Women are to far more to the left, men far more to the right. Men are becoming more religious, women are becoming less religious. Men want to marry and have children, women don’t. More women are college educated than men are.
3b,
Listening to young women all day, I can tell you that they like to sample the merchandise, get what they can from any man that has something to provide, take trips with men but never post the pictures of the men they went with, aren’t in a rush to have children-even willing to freeze their eggs first. Very few are family oriented anymore.
The men their age, they consider them “boys.” They use them as needed, and most of these young men are really soft and not independent at all. At least in my industry, both sexes need to be in groups to do anything at all. Put them alone to do a task and they completely malfunction mentally. Put them in groups and they have a hard time collectively being able to concentrate. In groups they become such silly idiots and make constant multiple mistakes.
Talk Tuah is exactly what they sound like.
I know it doesn’t sound believable , but that is how it is. Until they break about 35 or so.
YOY inflation for August was 2.5%.
And a lot of people haven’t been to Europe, either. What’s the point? Inflation needs to be 0.5% for a decade for people to catch up. The damage is done. The body is battered, semi-conscious, lying in a pool of sewerage. It’s a race to the bottom between personal debt and federal debt.
From Axios as well, and it is accurate to my observations of the youth of today.
Gen Z women and LGBTQ+ Zoomers were far less likely to be Republicans than older generations and less likely to identify as white evangelical Christians, a PRRI survey found.
Fewer Gen Z men were Republicans than other generations and weren’t as engaged on issues like reproductive rights, though they recognized the role sexism played in U.S. politics.
What they’re saying: “Roughly 1 in 4 Zoomers are queer or identify as LGBTQ. This is at much higher levels than in the general population,” Deckman says.
About 28% of Gen Z adults identify as LGBTQ, compared with 16% of millennials, 7% of Generation X (born 1965–1980), 4% of baby boomers (1946–1964) and 4% of the Silent Generation (1928–1945), another PRRI survey found.
That fact alone foretells how Gen Z overall will respond to the country’s current dominant forms of Christianity, from white evangelicalism to white Catholicism, Deckman says.
Kamala send the money to Ukraine?
Horror as veterans’ bodies are carved up and sold for parts without families’ permission: ‘Heads went for $649, torsos for $900 and legs for $341’
Phoenix: With that high a percentage identifying as LGBQT it might partly explain the decline in birth rates in the U.S., if one assumes most who identify as the above will not have/ want children.
Just because someone is LGTBQ doesn’t mean they don’t want children.
It’s that there is no longer any social contract in marriage/dating. Women told if they went to college they wouldn’t need a man, now they have a degree and are renting an apartment in Jersey City for 3k per month.
Not the Nirvana they were promised.
And all their college degrees are doing is displacing/diluting the men’s high paying jobs-the jobs they need men to work in order to keep them in the manner they wish to be kept.
Women say one thing, but do another. No, they don’t want to be supporting a man-they may for a while-if he is a real looker they can show off, but if not they will throw him back like a sunfish.
Having a child requires having a stable economy, and a positive outlook for same. But this is not where we are in America- so of course the birth rate will go down once it cuts into vacation money, car money, jewelry money. All things you can just use sex for- and with birth control and abortion, you don’t have any worries.
Birth control allows you to sample the merchandise without purchase. It helps you scratch an itch. It allows you to marry one for money, but hook up with your boss at work for the fantasy/fetish you need. So many people living double/triple lives. I see it at work. Sex is powerful thing, just look how many young female teachers bang their students and lose their careers. You think only men have the drive, women have it just as much as men do.
What they don’t want is children unless they are married. Children decrease their chances of hooking a big fish. They are a hindrance.
This is why the abortion/birth control thing is a big deal. P has value. P has started wars. P has ruined careers, put people in jail, made them do the craziest things.
Women understand the power it wields. Men just point and go towards it like moths to light.
Gratis is as gratis does
Phoenix: I never said all LGBQ etc people don’t want or have kids. But, many don’t, and if I had to guess I would say the majority of them don’t.
Interestng topic today, besides the pro-Trump talking points that most likely need to be fact checked.
ICE provided the data to Gonzales on Wednesday and did not indicate how many of the criminals entered the US during Harris’ tenure as the so-called “border czar,”
Makes me wonder if my Great Grandmother was a murderer.
But the women thing, and it’s purely anecdotal and opinionated, I think again, is a combination of MAGA meanness, where people seem to be encouraged to shout out anything that crosses their mind, regardless of truth or even if it’s sense tested. Second, I think it’s the impact of social media. Every girl and many boys too, think the future is in being an internet influencer. And why shouldn’t they. They can real off a whopping total of about ten people all who are multi millionairs from doing it. Odds seem pretty good there no? Well if you listen to any of these influencers, what they all have in common is fierce independance. All willing to do outrageous things, even though the vast majority of it is completely fake. Much like everything you see on television (go research Shark Tank or any real estate show).
About six or seven years ago, I pointed out here how American society has gotten incredibly selfish. No one has manners any more. Fuck, everyone is too lazy to even use their directionals when driving. If you hold the door for someoene or tell a stranger to have a nice day, they look at you as if you are from Mars. And it continues to get worse. I continue to practice kindness as I know no other way, but I feel like I am nearly alone here. When I go to Costa Rica, I see that politness is still practiced. It’s probably what I like the most about going there.
So this rudeness and selfishness I don’t really see as a gender thing, as much as I see it more as a people thing.
First, all of you should watch last nite’s Bill Maher show and the Overtime one in you tube with Bremmer, Harari and Leibowitz. It touches in a lot of the macro issues we talk about here.
Finding your path in life with all the components required in modernity is hard. It has always been hard. For most people, the average person, the C students with C being average grade. C students are the ones that run the day to day operations of the world and found it easier as there were well worn path that you just rode along from youth to end of life. There is comfort, predictability and boredom in those path.
I think the boomers with just reasons and just plain boredom rebelled against this comfort, predictability and boredom in those path. The problem is that the average person most times can’t handle the less worn and travel path.
Robert Frost was right in the “Road Not Taken”. But if you are reading for pleasure, not because you are being forced to read it in class, then odds are that you are not a C student.
I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I—
I took the one less traveled by,
And that has made all the difference.
If you are enjoying the above, you are probably an A student and the boredom, comfort and predictability of a C student life is an anathema to you.
The issue as I see it, is that there are a lot of C student that will have great life in their comfortable, bored, predictable path but they think that they got to “upgrade” to a A student exploratory life path. Of course, societal economics has also made the predictable bored path not so comfortable.
Craig is a C student and happy with it, except for those nasty predictions.
https://youtu.be/Hr8_VY1r9I0?si=ePpu1zg0LPfwgkmT
Inflation needs to be 0.5% for a decade for people to catch up. The damage is done.
According to the Fed, wage gains have outpaced inflation post-covid, and real wages for the last few years have been higher than at any time pre-covid.
People don’t need to “catch up”; wage gains have been exceeding inflation post-covid.
https://fred.stlouisfed.org/series/LES1252881600Q
The thing is, people see the price of groceries every week- and blame the gov when they go up.
But when their wages grow (at a rate higher than inflation) they don’t give the gov credit for THAT- their wage growth is due solely to their own hard work!
OC1.
As much as I hate to say it. The reason wage growth has been above inflation is because of the 1 million+ lost to Covid. Plus the reduced amount of immigration since 2016.
Since I can remember the boogie man from inflation is always labor cost. From Reagan to 2016. Labor cost was kept in check with immigration and outsourcing to foreign countries. Outsourcing and cheap foreign products are history now. So the only thing left to keep inflation in check is keeping labor cost down.
The pressure to ensure wage growth does a hard cold stop is coming from corporate America as it affects profits. Their aching to get border open and hitting their head against the political reality that no one wants immigrants for now.
That is why Jamie Dimon believes we are heading into stagflation. Political and national security strategic reasons have made that cheap labor is gone, cheap foreign products and outsourcing are gone. Limiting cheap production and services and creating an inflationary pathway. Affecting also the demand side as it stagnates.
Lib: This nastiness and selfishness started before MAGA. I think you view all the negatives in our society today on MAGA/ Trump. That is a very narrow and naive view in my opinion. It’s like you believe all was well until Trump/ MAGA and then it all went to shite. There is much bitterness, nastiness, and selfishness emanating from the left as well. There was a time when you would have recognized that as well.
As for the comment about your great great Aunt, it sounds like deflection again to me. I saw those ICE numbers as well and they are quite depressing. We let thousands of criminals into this country that we should not have. Are you saying they all came through during Trump’s presidency? I think you should at least acknowledge it’s a valid concern, and people have a right to be angry about it. It should not have happened. That all said I still love ya, but you are not the equal opportunity critic of both sides and the BS from both sides that you used to be.
OC1: Throw in housing costs/ rents, car insurance, and a few other items , and wages have not kept up with real inflation.
3B,
That ICE number is meaningless if it does not include a timeframe. It’s just more MAGA poppycock. And in my lifetime, I’ve never seen POTUS quite as embarassing and dangerous as Trump was/is. It looks like it’s most likely over thank god. I really hope MAGA goes with it.
And yes, the Dems are corrupt as the day is long.
Inflation sucks. It’s not a partisan issue and it’s better here than it is in most of the world. Then again, most of the world didn’t send the average family 10K in free money.
Think all of that free money was included in the wage numbers?
Inflation is annoying. But judging by everyplace I go, it is not impacting spending. Perhaps, because wages did go up a lot. Meanwhile, in our crime-infested, uber expensive environment, I just got gas for $2.53 a gallon on the Garden State Parkway and was not mugged when I went inside to take a piss. And everywhere I look, I still see help wanted signs. I went out to pick up some Proven Poke again for dinner. Don’t know why InKind sent us $55 to use for dinner no strings attached. You could hardly get around Bloomfied Avenue and Church St. with all of the double parked cars. I guess people can still afford to eat out.
You know, inflation isn’t supposed to be up to 2.5% Your goal post has officially been moved.
Lib: You should actually read the report before you did miss it as MAGA poppy cock. It does not matter in the end , i respectfully submit your hatred of Trump/MAGA blinds you to any possibility that you will see things differently. As for the Dems they are corrupt, agreed, but, you can’t bring yourself to admit that they too lie, and indulge in dangerous rhetoric, and are intolerant to people with different views. I won’t debate it any further. The old days of give and take are done.
3b
so these are the numbers, but I don’t know where they overlap.
A new study by the Williams Institute at UCLA School of Law finds that 18% of LGBTQ people, roughly 2.57 million adults, are parenting children under the age of 18 in their households.
…
In 2021, 17.8% of U.S. households were headed by married couples with children under the age of 18. This is a significant decrease from the 1970s, when over 40% of households were headed by married couples with children.
I guess people can still afford to eat out.
It’s about all some people can afford, so they say f it and splurge.
If the plane is going down, you might as well enjoy the glass of champagne as the ground approaches.
But when their wages grow (at a rate higher than inflation) they don’t give the gov credit for THAT- their wage growth is due solely to their own hard work!
Wage growth is nothing compared to cost of housing increase.
Yeah, a place to live is kind of important. So important that is is on the bottom of Maslow’s theory of food and shelter.
Don’t forget that the national debt keeps rising as well, but yes 3b, your statement is accurate. The frog is still in the pot and it’s getting hotter.
3b says:
September 28, 2024 at 7:49 pm
OC1: Throw in housing costs/ rents, car insurance, and a few other items , and wages have not kept up with real inflation.
OC1: Throw in housing costs/ rents, car insurance, and a few other items , and wages have not kept up with real inflation.
All that stuff is included in the CPI. Prices for some items in the CPI “basket of goods” rise more than the CPI number, others less.
Oc1: You need to do some homework on just how CPI factors in housing costs.
Oc1: Why should the government get credit for higher wages?
I’ve shifted to eating dinner out 3-4 days a week right now. That’s up from essentially zero. But it’s only because I’ve been tutoring non-stop to make up for the increased cost of food and I’m out of hours in the day.
I’ve been tutoring non-stop to make up for the increased cost of food.
I thought you had a real job making real money.
Or you must have a big family. That might make sense.
How much food do you eat? Or do you shop at Whole Paycheck?
Oc1: Why should the government get credit for higher wages?
Do you think that government policies have nothing to do with economic growth?????
Oc1: You need to do some homework on just how CPI factors in housing costs.
I have!
Oc1: Read what CPI defines/ includes as housing costs and what it is does not. I don’t believe this governments policies have contributed to economic growth, just inflation. I can tell you what leads to economic growth, but you won’t like it. So, I will leave it be.
I don’t believe this governments policies have contributed to economic growth, just inflation.
3b-This is so obviously wrong I don’t know what to say.
Phoenix,
I can feed my family on less than $100 a week if need be as I make/grow everything I can from scratch. But the reality is, I reverted to my grad school diet, eating Chicken Thighs, Beef Tongue, pork shoulder, and black beans as my protein sources. Steak is a rare occasion. I’d like to break free of that so I’m supplementing with labor. Right now, tutoring, I can get $150 an hour in person and there’s a ton of demand. About 10 years ago, I was tutoring 16 kids a week at $100 a pop.
Oc1: No, I don’t believe it is.
2:26 ur so fucking stupid
I think I know who that is? Going back off the rails again.
Forget partisan politics for a moment. Looking at the economy from 40,000 feet.
Trump gets elected. Enacts his tax act. Lowers corporate tax rates and provides snall tax break to those who itemize. He also provides a one-time tax break for corporations to repatriot off-shore revenue on companies that manufacture overseas to avoid high corporate taxes here. The expectation is that companies with the extra money will create more jobs helping the lower classes by providing jobs. The tax repatriation was more of a gimmick. It provided short-term revenue, but once the break was over, every company went back to making believe as much of the revenue from their products were generated from overseas manufacturing making the boost a one-year thing, See Apple and their Ireland revenue for a good example. The lowered corporate taxes resulted in companies by far and wide paying bonuses to their executives and management and using the extra revenue to buy back sharings juicing their earning per share. There was little to no job growth. Of course, with the better EPS the market went up, helping those with money and not so much the paycheck to paycheck crowd. By year three, the corporate tax rate cut was bringing in less revenue then before it was enacted. Growth started slowing so much, Trump threatened to end the FED until Powell lowered the rates to zero. This was all pre Covid. Covid, obviously, killed the economy, but really, only for a about six months before Trump started with the PPP and the Covid checks. From there, supply lines choked as demand increased tremendously as manufacturers reduced inventory thinking the lockdown would kill demand. These two items were what caused inflation for the first time since the 80s. Final result of Trump economic policy? Same as everyone else, increased deficits. Though the wealthy did great thanks to the juiced market. Their spending created economic growth, but not much at the lower end.
So Biden comes in and his economic policy is pretty much infrastructure spending with all of the greased palms and corruption that comes along with it. This creates a lot of jobs across the economic spectrum, but not enough revenue to pay for itself. End result? Incredible deficists. Yet the market did just as well as growth spurred increased earnings per share.
So pick a side.
Choice one: vote for Kamala. Probably end up in World War III.
Choice two: vote for Trump. Wish you ended up in World War III
Ur sooooo ghey
World War 3 ain’t happening from any of the current conflicts. Iran knows they are done if they actively pursue a REAL war against Israel. It would be a big war as Iran has a real military. But the rest of the Arab world wouldn’t back them.