Random Comments (RH)

[Palehorse]

"We believe that in trying and divisive times we should turn to each other not against each other!"

Mass. Gov. DNC 2012

[me]

[Exterminator]

In the real world ... the CEO brought the cookies in the first place.

In the real world, the CEO paid off some politicians to pass laws that allow him to legally take the cookies he brought from the hard working people who actually made them.

Now go wash your face...you have shit on your nose from having it buried so far in the asses of people who wouldn't let you lick their boots.

[The Troll]

  16 trillion debt or a total destruction of America with a Mitt Romney/Paul Ryan depression.   

[Exterminator]

Unemployment doesn't affect people who don't work anyway.

[me]

Unemployment doesn't affect people who don't work anyway.

Then they aren't in the count are they?   

[The Troll]

Unemployment doesn't affect people who don't work anyway.

  She sitting on her fat ass drawing Social Security and using her Medicare.  Yep she doesn't need a job, she living of off the government.   Happy as a fat frog on a Lilly pad in a half dry up pond.  Oh the hypocrisy.   

  Why is the pond half dried up.  It's because of Global Warming she doesn't believe in. 

[Bo D]

At least now we are not losing 750,000 jobs per month as we were four years ago. The housing market is recovering nicely. Four years ago the Dow was at 6,000; now it's at 13,000.

[Exterminator]

At least now we are not losing 750,000 jobs per month as we were four years ago. The housing market is recovering nicely. Four years ago the Dow was at 6,000; now it's at 13,000.

Just think what could have been accomplished if the Republicans had worked in the best interests of the country rather than their racist political agenda.

[me]

At least now we are not losing 750,000 jobs per month as we were four years ago. The housing market is recovering nicely. Four years ago the Dow was at 6,000; now it's at 13,000.

I think you had better talk to come realtors about that housing recovery.

[Bo D]

I think you had better talk to come realtors about that housing recovery.

From the Wall Street Journal ....

The Housing Recovery Is Looking Better and Better

One of the biggest economic stories this summer has been the gradual improvement in the battered housing market. Wednesday's data further reinforces that point.

U.S. pending home sales — which tracks the number of buyers who have signed contracts to purchase previously owned homes — jumped in July to the highest level since April 2010. And if you remember back that far, that's when the government was juicing demand by offering federal tax credits to buyers.

But now, it appears that real demand is returning to the housing market.

Dan Greenhaus, chief global strategist at BTIG, notes if you strip out the pending home sales spike in 2010 caused by tax credits, then pending home sales are now at the highest level since mid 2007.

http://blogs.wsj.com/marketbeat/2012/08/29/the-housing-recovery-is-looking-better-and-better/

[me]

From the Wall Street Journal ....

The Housing Recovery Is Looking Better and Better

One of the biggest economic stories this summer has been the gradual improvement in the battered housing market. Wednesday's data further reinforces that point.

U.S. pending home sales — which tracks the number of buyers who have signed contracts to purchase previously owned homes — jumped in July to the highest level since April 2010. And if you remember back that far, that's when the government was juicing demand by offering federal tax credits to buyers.

But now, it appears that real demand is returning to the housing market.

Dan Greenhaus, chief global strategist at BTIG, notes if you strip out the pending home sales spike in 2010 caused by tax credits, then pending home sales are now at the highest level since mid 2007.

http://blogs.wsj.com/marketbeat/2012/08/29/the-housing-recovery-is-looking-better-and-better/
The Housing Recovery Is Looking Better and Better

   

Article
    Comments (1)

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By Steven Russolillo

    Bloomberg News

One of the biggest economic stories this summer has been the gradual improvement in the battered housing market. Wednesday's data further reinforces that point.

U.S. pending home sales — which tracks the number of buyers who have signed contracts to purchase previously owned homes — jumped in July to the highest level since April 2010. And if you remember back that far, that's when the government was juicing demand by offering federal tax credits to buyers.

But now, it appears that real demand is returning to the housing market.

Dan Greenhaus, chief global strategist at BTIG, notes if you strip out the pending home sales spike in 2010 caused by tax credits, then pending home sales are now at the highest level since mid 2007.

There is a difference between pending and sold. 

[Locutus]

Just think what could have been accomplished if the Republicans had worked in the best interests of the country rather than their racist political agenda.

^^ That post there speaks volumes about what's been going on with the Tea Party assholes for the last couple of years. 

[Bo D]

"This is just the latest in an ongoing story showing sustained gains in the housing market," Greenhaus says.

Pending sales typically close within one or two months of signing.

[Locutus]

"This is just the latest in an ongoing story showing sustained gains in the housing market," Greenhaus says.

Pending sales typically close within one or two months of signing.

I don't think there can be any doubt that the housing market has turned around dramatically unless one chooses to simply be blind to the facts.  Prices bottomed out here in South Florida months ago, and housing activity has been on the rise ever since.