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  #1  
Old 08-22-2012, 01:50 PM
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Rise in US home sales reflects steady improvement

WASHINGTON—Americans bought more homes in July than in June, the latest evidence that the housing market is slowly, but steadily, improving.
Sales of previously occupied homes rose to a seasonally adjusted annual rate of 4.47 million in July, a 2.3 percent increase from the previous month's rate, the National Association of Realtors said Wednesday.

The industry's recovery has grown more consistent, though it remains sluggish and uneven. July sales were below the 4.6 million annual pace reached in April and May. And the annual sales pace is below the roughly 5.5 million that economists consider healthy.

Still, sales have increased 10.4 percent compared with a year ago....



The article presents an improving view of both housing and the broader economy.


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  #2  
Old 08-22-2012, 02:52 PM
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Good example of the slowest recession recovery since WWII.

Reminds me of the other day when I took off from a small airport with trees on both ends of the runway. I had picked up a passenger, it was a hot day, yadda-yadda. I got off the runway and over the trees, but she was BARELY climbing. I was gaining altitude and was safe, but would have felt more confident if I were gaining altitude at a better rate.

That's how our economy is doing. A FEW indicators are showing promise, but we are still with a significant net job loss and HUGE amount of extra debt. We will be skimming along the top of those trees gaining hardly any altitude until such time we get B.O.'s hands to release the choke hold that his socialism has around our necks.
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  #3  
Old 08-22-2012, 03:14 PM
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Good that the recovery is slow. And happy that the foreclosure machine to kick bums out of their unpaid homes is grinding into action again after two years. Should be a good year for me. CHEERS!

Zero sympathy for people who bought for an annual payment of 1.5x what the same property would rent for, at the height of the Bubble. Stupid is as stupid does.
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  #4  
Old 08-22-2012, 09:59 PM
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Or it could be for the same reason as spdrun says. I put a couple of bids in on houses that sold for 115-125k in 2007(when they were built). Looks like I can get the pair for less than $50k.

Slum lord here I come.

Ps both are already rented at $550 a month.
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  #5  
Old 08-22-2012, 11:08 PM
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Originally Posted by spdrun View Post
Good that the recovery is slow. And happy that the foreclosure machine to kick bums out of their unpaid homes is grinding into action again after two years. Should be a good year for me. CHEERS!

Zero sympathy for people who bought for an annual payment of 1.5x what the same property would rent for, at the height of the Bubble. Stupid is as stupid does.
Crappy attitude there SP.
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Old 08-22-2012, 11:21 PM
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Just pragmatic. If I can live off the stupid's mistakes and provide for myself and family without being anyone's b*tch, then so be it. I couldn't give two turds about your opinion of my "attitude." Maybe if you were my boss or my gf, I'd actually care. Till then, see you at the REO auction...

Last edited by spdrun; 08-22-2012 at 11:40 PM.
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  #7  
Old 08-23-2012, 07:17 AM
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Originally Posted by t walgamuth View Post
Crappy attitude there SP.
I'm guessing he doesn't even own his own place, let alone rentals.
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  #8  
Old 08-23-2012, 07:20 AM
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Hmm, if this is such a strong indicator of a growing economy, I wonder why it was in the news yesterday that we will HAVE to have another stimulus package or we will slip into a recession. More accurately, to hear the MSM people say it, if we don't get another stimulus package we will all die immediately.
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  #9  
Old 08-23-2012, 07:24 AM
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Originally Posted by Air&Road View Post
Hmm, if this is such a strong indicator of a growing economy, I wonder why it was in the news yesterday that we will HAVE to have another stimulus package or we will slip into a recession. More accurately, to hear the MSM people say it, if we don't get another stimulus package we will all die immediately.
Actually Larry, I believe that would be Less Accurately....
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  #10  
Old 08-23-2012, 12:53 PM
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Still, sales have increased 10.4 percent compared with a year ago....




The article presents an improving view of both housing and the broader economy.

I think it shows that despite the devastation brought about the Bush administration's negligence, that the economy is slowly recovering and the worst is probably behind us. Amazing how long it is taking to repair the damage the Republican administration did. It speaks to their skills.

Plus a recovering economy will support the Democratic ticket, across the nation.

Yeah.
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  #11  
Old 08-23-2012, 04:54 PM
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Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low - Business Insider
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  #12  
Old 08-23-2012, 06:48 PM
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Despite some people trying to make an unpolitical market, political....

Anyway certain areas seem to be improving. The economy is improving and has been for awhile now, it will be a few more years but things are moving in the right direction.
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  #13  
Old 08-23-2012, 10:47 PM
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A&R, watch that altitude density!
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Old 08-24-2012, 08:15 AM
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Originally Posted by 732002 View Post
A&R, watch that altitude density!

You mean Density Altitude(DA)? No problem, the triple digit heat is pretty much over with. Of course, the real DA problem will be November 3.
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  #15  
Old 08-24-2012, 02:02 PM
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I'm guessing he doesn't even own his own place, let alone rentals.
It's ok to be wrong. . I don't hold it against you.

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