Posted on 08/10/2010 10:17:12 PM PDT by PROCON
(Reuters) - Owners cut prices on one-quarter of U.S. homes listed for sale in July, a fourth straight monthly rise, as job market fallout trumped record low mortgage rates, real estate website Trulia.com said on Wednesday.
Sellers in the 50 largest cities slashed $30.1 billion from prices on houses on the market as of August 1, up from $27.3 billion in the prior month, San Francisco-based Trulia said in a report provided to Reuters before official release.
(Excerpt) Read more at reuters.com ...
We have full employment here and housing prices are rising.
Where’s “here”... Pluto???
Thanks!
You live in a RED state, here in Oregon, a blue state, unemployment is very high, I am thankful to have a job!
An electrician friend of mine, who has been in the trade for 23 years has made $8,000 since January, typical here, he's desperate!!
Hope and Change is treating him and his family BAD!!
North Dakota, our economy is booming.
I chat with many around the country so I’m aware there is some real hurt happening in other states.
Supply and demand.
Real estate is very local.
Fargo?
No, Minot. It’s close to all the drilling activity in the Bakken formation.
I thought I heard the reason your unemployment rate is so low, is because everybody works three jobs, so if you lose one or two, you're still technically employed.
Well there you go. If other states open up drilling and exploiting our natural resources, perhaps that will help to jump start our economy.
Hanging all of the communists in the federal, state, and local governments would jump start the economy too.
Nope. They have nat gas, methane, and the Bakken formation. They have an economy. The US has so much energy thanks to the Dems grabbing all federal land for our new rulers the Saudis.
The rest of America is hurting and it is getting a lot worse.
We may be relocating to the Houston area so I’ve been playing around with hotpads.com looking at the market there. They’ve been devastated! More foreclosures than standard listings in some neighborhoods.
Hotpads is neat for its visual with its little monopoly-style buildings. Zoom in a couple levels and scroll around:
Didn't you hear? Housing prices never go down.
Exactly! It would be an excellent start.
Especially if you invest in rope.
That HotPads site is very cool. Thanks for posting it.
Yes, the recovery is slow but Our Dear Leader has assured us that, if we all sacrifice, we will be assured a place in the dismally gray world of communism.
It always interests me that Marxists simply cannot get their arms around a world where anyone who has the intelligence and ambition can aspire to great things. In the communist world everyone must suffer a drab existence for the benefit of the Marxist elite and nonproducers.
Home prices have fell for the higher end houses, but have been flat for the smaller ones. This is around Davenport, Iowa.
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