Posted on 12/02/2010 7:34:28 AM PST by SeekAndFind
IF a realtor sold 1 home last year & has sold 2 this year, the headlines from the MSM will read:
100% increase in home sales!!!
According to CoreLogic, the visible supply of unsold inventory was 4.2 million units in August 2010, the same as the previous year. The visible inventory measures the unsold inventory of new and existing homes that were on the market. The visible months’ supply increased to 15 months in August, up from 11 months a year earlier due to the decline in sales during the last few months.
The total visible and shadow inventory was 6.3 million units in August, up from 6.1 million a year ago. The total months’ supply of unsold homes was 23 months in August, up from 17 months a year ago. Although it can vary and it depends on the market and real estate cycle, typically a reading of six to seven months is considered normal so the current total months’ supply is roughly three times the normal rate.
I'm not entirely unconvinced that isn't exactly the point. It's tough to peddle big, sweeping social programs with 4% unemployment. But, like a frog in a pot, 10% unemployment over an extended period of time, dulls the senses. People in a more protracted state of economic vulnerability, become more amenable to government "stuff".
Leftist in the US want something that more closely resembles the European model. So, they need unemployment that mirrors what created the European model in the first place.
>>’The stock market is up huge, with more to come.
Only as long as Uncle Ben keeps the printing press rolling.
Q3 Foreclosure Sales Volume Plunges As Discount On Foreclosed Homes Hits 5 Year High
We went through it with Jimmah, we recovered. We’ll recover after this zero is out of office also.
“No, but clearing of inventory is a good step to restoring stability to the housing market.”
Won’t matter if the same morons in government keep making the same mistakes while trying to using the housing market for their pet social engineering projects.
“No, but clearing of inventory is a good step to restoring stability to the housing market.”
Won’t matter if the same morons in government keep making the same mistakes manipulating lending and the housing market.
What is seen is an increase in new smaller 'affordable' homes.
Thank you for the link... we know the truth... they lie.
LLS
BS these are short sales under hardship.
These are people who have given up and realize there is no chance to save their homes because, modifications are a scam, law firms and banks are given preferential treatment in the courts, AND there is no clear title to be had.
(revisiting thread) Thanks for those links, Lori!
Your welcome :)
Thanks for pointing this out on this thread and many others LLS. The lie is the weapon used most often by the criminal.
"Everything about socialism is sham and affectation." 23.11 Ch.23 Evil; Economic Harmonies; Frederic Bastiat 1801-1850
What did satan do with JESUS in the desert? he LIED to him! Amen!
LLS
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