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Reuters 6 minutes ago
Sales of existing U.S. homes likely rose for a second consecutive month in October, reaching their highest since July 2007, according to a Reuters poll, as buyers scrambled to take advantage of greater affordability and a first-time home buyer tax credit.
good luck tyring to convince folks the housing market is all pink and pillowy
from cnn: "foreclosures: worst 3 months of all time"
Foreclosures hit record in third quarter 2009 - Oct. 15, 2009
the last 3 months saw an increase of 5% over the previous disastrous quarter
up 21% from the horrible year before
despite obama's Making Homes Affordable foreclosure prevention program
and, according to realtytrac, the reality is even worse
bankers have so many abandoned bungalows on their books, they're forestalling
walk aways are "skyrocketing"
and the future looks even darker---the fastest growing subgroup STILL (it seems we read this every 3 months) is the 180-plus days late category
it's gonna get worse, with no bottom in sight
There is always some one who, when presented with good news, will have to find something to complain about. This is good news surrounded by lots of bad news. No one is claiming different. I choose to be glad that there is some good news, you are free to continue to complain that everything is not all happiness and flowers.
By the way, paragraphs and sentences would do wonders to make your posts readable.
There is always some one who, when presented with good news, will have to find something to complain about. This is good news surrounded by lots of bad news. No one is claiming different. I choose to be glad that there is some good news, you are free to continue to complain that everything is not all happiness and flowers.
By the way, paragraphs and sentences would do wonders to make your posts readable.
it's gonna get worse, with no bottom in sight
realtytrac sees no bottom in sight
ask them
Gee, I can't wait till you and your cronies are in power again.
But we must first define what is a bottom....
Is it price relative?
What do you think Prof:2razz:
Gee, I can't wait till you and your cronies are in power again.
The few people with some money are buying foreclosed homes for a song. How is this suppose to be exciting news?
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