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May home sales unexpectedly fall 2.2 percent
AP via MSNBC ^ | June 22, 2010 | Alan Zibel

Posted on 06/22/2010 7:36:00 AM PDT by John W

WASHINGTON - Sales of previously occupied homes dipped 2.2 percent in May, suggesting that a boost from government home-buying incentives is winding down earlier than expected.

(Excerpt) Read more at msnbc.msn.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: asspress; enemedia; obamanomics; obamunism; theresthatwordagain; unexpected; unexpectedly; unexpectly
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1 posted on 06/22/2010 7:36:02 AM PDT by John W
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To: John W

... and I’ll bet the reasons are complicated.


2 posted on 06/22/2010 7:36:58 AM PDT by gov_bean_ counter (Sarah Palin - For such a time as this...)
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To: John W

la dee dah, I out to pick the posies in honor of Recovery Summer.


3 posted on 06/22/2010 7:37:59 AM PDT by dforest
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To: John W

Women and minorities hardest hit...


4 posted on 06/22/2010 7:38:20 AM PDT by ConservaTexan (February 6, 1911)
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To: John W
Drink!


5 posted on 06/22/2010 7:41:10 AM PDT by VanDeKoik (Iran doesnt have a 2nd admendment. Ya see how that turned out?)
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To: John W

unexpectedly?


6 posted on 06/22/2010 7:45:39 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: John W

unexpectedly:

surprisingly, out of the blue, quickly, startlingly, suddenly, unusually, by chance, accidentally, by coincidence, circumstantially, fortuitously, in an unexpected way,unawares


7 posted on 06/22/2010 7:48:15 AM PDT by libertarian27 (Ingsoc: Department of Life, Department of Liberty, Department of Happiness)
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To: driftdiver

As always.


8 posted on 06/22/2010 7:50:40 AM PDT by John W
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To: gov_bean_ counter

“... and I’ll bet the reasons are complicated.”

No, they are easy. The economy sucks and the $8000 tax credit expired on April 30. I was lucky and sold my house to a person taking advantage of the tax credit.


9 posted on 06/22/2010 7:57:31 AM PDT by Blood of Tyrants (The US will not die with a whimper. It will die with thundering applause from the left.)
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To: John W

With apologies to Nat King Cole:

Unexpectable, that’s what you are
Unexpectable though near or far
Obamanomics will elude me
How he thinks of things to do to me
Never before has someone been more
Unexpectable

NOT


10 posted on 06/22/2010 7:59:41 AM PDT by P.O.E. ("Danger is My Beer" - Rev. Dr. Fred Lane)
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To: Blood of Tyrants
Sure they are easy, but every time you turn around Obie is calling all our problems “complicated” inferring that we the people can't grasp the brilliance of his “solutions”.
11 posted on 06/22/2010 8:00:54 AM PDT by gov_bean_ counter (Sarah Palin - For such a time as this...)
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To: John W

Unexpected!

*drink*


12 posted on 06/22/2010 8:01:11 AM PDT by Tax-chick (Beam me somewhere, Mr. Scott. You pick the century and I'll pick the spot!)
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To: John W

Unexpected for sure....


13 posted on 06/22/2010 8:01:21 AM PDT by b4its2late (Why does a slight tax increase cost you $200 and a substantial tax cut save you 30 cents?)
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To: John W
Unexpectedly

Hasn't that word exceeded it "sell by date". It's looking rather rank and moldy to me.

14 posted on 06/22/2010 8:01:56 AM PDT by Drill Thrawl (Government is cancer.)
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To: John W

How is this unexpected?


15 posted on 06/22/2010 8:02:28 AM PDT by surfer (To err is human, to really foul things up takes a Democrat, don't expect the GOP to have the answer!)
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To: VanDeKoik

If things get any more “unexpected” I’m going to land in the Betty Ford Clinic!


16 posted on 06/22/2010 8:03:18 AM PDT by RU88
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To: SaxxonWoods

Unexpected ping


17 posted on 06/22/2010 8:07:53 AM PDT by MileHi ( "It's coming down to patriots vs the politicians." - ovrtaxt)
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To: John W

Don’t they mesn “predictably” since the Obozo stimulus ended in April?


18 posted on 06/22/2010 8:12:01 AM PDT by sarasota
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To: John W

Why are ALL economic announcements from this regime “UNEXPECTED”? Could it be that they are totally incompetent when it comes to forecasting and economic matters?


19 posted on 06/22/2010 8:12:58 AM PDT by The Sons of Liberty (The 0bama regime represents an "Clear and Present Danger" to the US - Mene, Mene, Tekel, Upharsin)
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To: libertarian27

unexpectedly:

(1) surprisingly, out of the blue, quickly, startlingly, suddenly, unusually, by chance, accidentally, by coincidence, circumstantially, fortuitously, in an unexpected way,unawares

(2) a word used to describe the fact that economists are drooling morons who would be better off picking predictions out of their prodigious posteriors.


20 posted on 06/22/2010 8:15:31 AM PDT by AmishDude (It doesn't matter whom you vote for, it matters who takes office.)
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To: John W

Unexpectedly????


21 posted on 06/22/2010 8:18:16 AM PDT by SumProVita (Cogito, ergo...Sum Pro Vita. (Modified Decartes))
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To: The Sons of Liberty
Why are ALL economic announcements from this regime “UNEXPECTED”? Could it be that they are totally incompetent when it comes to forecasting and economic matters?

"Predictions are tough, especially when they concern the future." - Yogi Berra

22 posted on 06/22/2010 8:20:53 AM PDT by granite (A government big enough to give you everything you want is strong enough to take everything you have)
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To: John W

Wait till January 2011 when the Bush tax cuts end and see what happens.....buhbye Jack Squat Barry....


23 posted on 06/22/2010 8:21:21 AM PDT by cranked
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To: Blood of Tyrants
No, they are easy. The economy sucks and the $8000 tax credit expired on April 30. I was lucky and sold my house to a person taking advantage of the tax credit.

Tax credit = Fine on those who don't do what The State wants.

24 posted on 06/22/2010 8:21:37 AM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: John W
Do the sales count on closing or on signing the contract? The contract had to be signed by April 30 to get the tax credit, so if sales are falling now that means the tax credit had even less effect that Obama and gang hoped.

Since sellers raised their prices (or at least didn't lower as much) in expectation of more buyers with tax credit cash burning holes in their pockets, the tax credit mainly aided the sellers and especially their banks. What smart person wants to buy a house where the price has been temporarily boosted by a few thousand dollars, which will nearly immediately disappear from the equity when the credit goes away.

25 posted on 06/22/2010 8:26:41 AM PDT by KarlInOhio (I am so immune to satire that I ate three Irish children after reading Swift's "A Modest Proposal")
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To: driftdiver

What would truely be unexpected is if the LSM ever reported bad economic news under Obsma and didn’t say it was unexpected.


26 posted on 06/22/2010 8:30:24 AM PDT by JaguarXKE
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To: VanDeKoik

Drinking so early in the morning is not what I expected, but I’ll drink to that!


27 posted on 06/22/2010 8:34:46 AM PDT by henkster (A broken government does not merit full faith and credit.)
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To: granite

Only the bad news is “unexpected.” Any fabricated good news comes with a “Ta-Da!”


28 posted on 06/22/2010 8:36:02 AM PDT by henkster (A broken government does not merit full faith and credit.)
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To: John W
unexpectedly

Is there anything that this administration expects that ever comes to pass????

29 posted on 06/22/2010 8:37:14 AM PDT by Uncle Chip (TRUTH : Ignore it. Deride it. Allegorize it. Interpret it. But you can't ESCAPE it.)
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To: John W

Why would it be considered unexpected? The tax credit ended in April.


30 posted on 06/22/2010 8:38:23 AM PDT by Grunthor (Getting married, T minus 4 days.)
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To: AmishDude
Unexpected...a word used to describe the fact that economists are drooling morons who would be better off picking predictions out of their prodigious posteriors.

In other news a new trivia quiz will be available for Christmas this year on Economics...

It has 400 questions and 1,000 answers.

31 posted on 06/22/2010 8:41:01 AM PDT by spokeshave (From The One to zero in just 16 months – the myth has ended.)
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To: KarlInOhio
Note that you cannot claim the credit on Form 5405 for an intended purchase for some future date; it must be a completed purchase. Home buyers must attach a copy of their HUD-1 settlement form (closing statement) to Form 5405 as proof of the completed home purchase. In cases where a HUD-1 form is not used, such as for construction of some new homes, you should attach a copy of the certificate of occupancy in lieu of the HUD-1.

Federal Housing Tax Credit

32 posted on 06/22/2010 8:43:38 AM PDT by Madame Dufarge
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To: gov_bean_ counter

Well home sales have fallen unexpectedly in October, November and December 2009 as well as in January, April and May of this year. How unextpected.


33 posted on 06/22/2010 8:45:34 AM PDT by whershey
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To: whershey
I forgot to add that this group of idiots running our country have to be the worst propagandists ever. If they'd been running Germany in the 1930’s there never would have been a war.
34 posted on 06/22/2010 8:48:16 AM PDT by whershey
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To: RU88

BTTTTTTTTTTTTTTT I thought this was the most competent president and staff in history.


35 posted on 06/22/2010 9:03:08 AM PDT by dools007
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To: John W

“Unexpectedly” Pile-On Alert!


36 posted on 06/22/2010 9:03:52 AM PDT by Uncle Miltie (0bummer calls opponents "Teabaggers". So we can call Kagan "Carpet Muncher." Right?)
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To: John W

Just 2.2?


37 posted on 06/22/2010 9:03:59 AM PDT by egannacht (Inalienable rights granted by...)
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To: John W
I guess those 410,000 temporary census workers didn't do their part to support the housing market.
38 posted on 06/22/2010 9:05:04 AM PDT by SonOfDarkSkies (I never saw a wild thing sorry for itself...)
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To: KarlInOhio

You had to have signed by April 30th.


39 posted on 06/22/2010 9:07:41 AM PDT by mockingbyrd (Remember in November.)
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To: cranked

Yes, January 2011 is the beginning of a death spiral for the US economy with the tax cuts ending. Anyone buying anything...it’s going to be this year. Laffler (?) wrote a great article on this, frightening, but great. Sorry I don’t have a link. It’s well worth googling and reading. He predicts a dire, dire time for the economy next year.

Oh, and on an even sadder note: How would you like to be trying to sell a house in Louisianna, Miss, Alabam, even Fla now? I imagine the market is a flat liner now and for years to come. Sad, sad, sad. What has happened to our country? Oh, right. Barry Obama.


40 posted on 06/22/2010 9:09:01 AM PDT by Pigsley
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To: John W

The PPT will be working hard today, I’m sure.


41 posted on 06/22/2010 9:12:19 AM PDT by Commander X (TOTUS...destroying the USA one lie at a time.)
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To: henkster
Only the bad news is “unexpected.” Any fabricated good news comes with a “Ta-Da!”

I never got why people get their panties in a knot over this phraseology. Anytime I see the word "Unexpected" in context to the Obama fellating media I take it as a negative not a CYA. By using the word unexpected it means to me that the administration really thought happy days are here again and they expect it to be sunshine and lollipops on the economy. I am sure the average idiots reads this and thinks..Are there folks really this dense, of course home sales are soft and unemplment is high, what they "Expected" it to get better.

42 posted on 06/22/2010 9:13:39 AM PDT by pburgh01
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To: John W

DRINK!


43 posted on 06/22/2010 9:13:58 AM PDT by dfwgator
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To: pburgh01

To me it means, to the media that “hey, this is only supposed to happen when Republicans are in the White House.”


44 posted on 06/22/2010 9:15:15 AM PDT by dfwgator
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To: Tax-chick

LOL! Perfect!

Just like the unemployment numbers month in, month out.


45 posted on 06/22/2010 9:20:25 AM PDT by FreedomPoster (No Representation without Taxation!)
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To: John W

“The report “suggests that even government stimulus in the form of a tax credit isn’t enough,” to support the U.S. housing market, wrote Guy LeBas, an analyst with Janney Montgomery Scott”

ie, socilaism is not working.


46 posted on 06/22/2010 9:26:57 AM PDT by Rennes Templar (Illegal immigration is destroying America, look what it's done to the White House)
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To: John W

Unexpectedly=CUT DENY EXPEL


47 posted on 06/22/2010 9:28:10 AM PDT by COUNTrecount (Barry...above his poi grade.)
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To: pburgh01

Of course, those “average idiots” gave us Obama. So, I don’t know.


48 posted on 06/22/2010 9:33:42 AM PDT by John W
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To: John W

Unexpected. You keeo using that word. I do not think it means what you think it means.


49 posted on 06/22/2010 9:37:19 AM PDT by Lazamataz ("We beat the Soviet Union. Then we became them." -- Lazamataz, 2005)
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To: John W
AP telling the truth will happen when hell freezes, pigs fly and Obama breaks 120.
50 posted on 06/22/2010 9:42:22 AM PDT by JPG (Mr. Gore, we have a warrant for your arrest...put your hands behind your back.)
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