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I guess the law of supply and demand works after all. A great time to be looking for a home.
1 posted on 10/25/2008 6:07:17 AM PDT by mlocher
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To: mlocher

Are they confused by this? Home prices are really low, so homes are selling?

That’s like saying you don’t understand why there are so many people in prison when crime is the lowest in years!


2 posted on 10/25/2008 6:10:28 AM PDT by autumnraine (Churchill: " we shall fight in the fields and in the streets, we shall never surrender")
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To: mlocher
My thoughts exactly. I bet the reporters were baffled that the two trends happened to coincide. Prices down, sales up. Who could have predicted that? Quick--somebody get Paul Krugman on the phone. He can give us a long complex explanation why the two are unrelated and why it is all the fault of Bush economic policies.
3 posted on 10/25/2008 6:11:44 AM PDT by hinckley buzzard
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To: mlocher

Homes get more affordable and more are sold...duh. It really isn’t too hard for anyone but msm writers to figure out.


4 posted on 10/25/2008 6:12:06 AM PDT by kittymyrib
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To: mlocher

Probably just wealthy libtards from the Upper West Side buying crack-shacks in Cleveland so they can vote in Ohio.


5 posted on 10/25/2008 6:24:53 AM PDT by paddles
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To: mlocher

It is a great time to invest in real estate...;)

as Warren says: Be fearful when others are greedy and greedy when others are fearful.


7 posted on 10/25/2008 6:58:33 AM PDT by stefanbatory (Do you want a President or a King?)
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To: mlocher
and, isn't it possible, in fact probable, that home prices were overvalued before. And, isn't it possible that builders saturated the market with new construction that no one needed or wanted?? And, isn't it possible that these two possibilities, along with the mortgage mess, played a major role in the downturn in housing, and the economy in general.
8 posted on 10/25/2008 7:10:15 AM PDT by elpadre (nation)
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To: mlocher
ROFLOL, the sales increased because they were counting in bank bought back at foreclosure as sells. The market is a long way from bottom. Actually one million foreclosed properties have been added to the unsold new homes. Inventory has increased.

In these time please try to stick to the facts.

9 posted on 10/25/2008 7:21:04 AM PDT by org.whodat ( "the Whipped Dog Party" , what was formally the republicans.)
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To: mlocher
Ohio home sales rose in September Prices continue their slide, however

Said as if the two aren't related.

If sales rise, the prices will stabilize at after a lag and then rise if sales continue to rise.

The author probably thinks we need another law or something....

10 posted on 10/25/2008 10:07:03 AM PDT by SteamShovel (Global Warming, the New Patriotism)
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