Comments on: Housing sales drop “unexpectedly”

By: All The Wrong Economic Decisions « Tai-Chi Policy

All The Wrong Economic Decisions « Tai-Chi Policy — Wed, 04 Nov 2009 14:08:46 +0000

[...] They’re creating another housing bubble, in exactly the same way as last time – and we haven’t even recovered from the last one! The horrific debt of the stimulus hasn’t come home yet, but we’re seeing it’s [...]

By: uber

uber — Sat, 31 Oct 2009 03:24:54 +0000

everything is unexpected. maybe we need new experts, they seem to be surprised every month.

By: cableguy615

cableguy615 — Sat, 31 Oct 2009 00:15:26 +0000

I’m getting as sick of the word “unexpectedly” as I am of the word “racism.” For the love of Pete, don’t they known ANY other words?

UnderstandingisPower on October 28, 2009 at 12:57 PM

Bad news is always “unexpected” when a Dummycrat is in the WH. (even though we get it almost every day)

Ditto good news when Republican prez is at the helm.

By: entagor

entagor — Fri, 30 Oct 2009 19:52:03 +0000

Mortgages are more difficult to obtain. Many people have lowered credit scores as they borrowed to keep up.There is a glut of foreclosures

Everyone knows this. It takes a strong stomach to buy a home when houses could drop a lot lower. New buyers could get trapped like the others.

Prices will drop more because boomers have just begun to sell down. Many are holding out for market recovery but eventually they will crack and sell low

The first time buyer home credit was to get new cash into the market. To help the banks cook the books on foreclosure backlog. Homeowners already trapped in mortgages could not use the credit

They are going to be shouting recovery from now until election. How will the ones trapped in the cogs feel about this big lie will be shown on election day

The new homebuyer credit went over like salt in a wound around here.

The Obama mortgage relief program does not consider 2nd mortgages. People in need borrowed on their mortgaged homes. They would meet the formula but cannot count the equity loan or second mortgage. Help went to the ones with too big mortgages, not the ones with backs against the wall

If I was a pol I would stop voting giveaways to facilitate plucking the victims of their last feathers

By: Chuck Schick

Chuck Schick — Thu, 29 Oct 2009 17:34:29 +0000

The economy grew at an annual pace of 3.5 percent in the third quarter, faster than the 3.3 percent increase predicted by economists.

The growth was the best in two years and stops four consecutive quarters of declines.

–Looks like the recovery did begin earlier this year.

Jimbo3 on October 29, 2009 at 9:53 AM

This quarter will drop. The news is already bad.

Unless the plan is to run trillion dollar deficits indefinitely, this little blip will be very shortlived once taxes are hiked and spending slashed.

By: rocketman

rocketman — Thu, 29 Oct 2009 16:56:21 +0000

***
Someone above asked about the property taxes in Texas. My 40 year old paid off one story 3000 sq. ft. brick veneer El Paso, Texas home is valued at $109504 and the 2009 taxes are $2102–this works out to 1.9% tax rate with over 65 and homestead exemptions. There is no Texas state income tax–Texas sales tax rate is 8.25%.
***
My home has a new kitchen–granite countertop, new stainless steel appliances, tile floors, paint, etc. We have a 6 foot high rock wall around most of the house, and decorative iron bars on the doors and windows. It looks like an $800000 Phoenix mansion–which is stucco–and has no bars.
***
I have good Hispanic, Oriental, Black, and Gringo neighbors. We have great Mexican and Steak restaurants nearby–a good food store is 2 blocks away–Walmart and Kmart are a mile away. Weather is good–not too hot, not too cold.
***
Eat your hearts out, Blue Staters–We are LIVING LARGE IN TEXAS. Enjoy the snow.
***
John Bibb
***

By: Jimbo3

Jimbo3 — Thu, 29 Oct 2009 13:53:24 +0000

The economy grew at an annual pace of 3.5 percent in the third quarter, faster than the 3.3 percent increase predicted by economists.

The growth was the best in two years and stops four consecutive quarters of declines.

–Looks like the recovery did begin earlier this year.

By: Economy Grows by 3.5% in Third Quarter : The American Pundit

Economy Grows by 3.5% in Third Quarter : The American Pundit — Thu, 29 Oct 2009 13:14:17 +0000

[...] are home sales as I write this? Unexpectedly down again last [...]

By: Economy Grows by 3.5% in Third Quarter : The American Pundit

Economy Grows by 3.5% in Third Quarter : The American Pundit — Thu, 29 Oct 2009 13:14:17 +0000

[...] are home sales as I write this? Unexpectedly down again last [...]

By: Welcome to the Jobless “Recovery” : Washington Memo

Welcome to the Jobless “Recovery” : Washington Memo — Thu, 29 Oct 2009 12:51:39 +0000

[...] that we already know that housing sales dropped unexpectedly last week and car sales have plunged once more now that just about everyone who needed a new car [...]

By: ya2daup

ya2daup — Thu, 29 Oct 2009 12:39:00 +0000

Three stages of Obama:
Stage One: Get out of the way, let me clean up your mess
Stage Two: Grab a mop and help me clean up your mess
Stage Three: ~~Help! Throw me a life preserver…~~ I messed my pants; it’s Booooosh’s fault!
Caper29 on October 28, 2009 at 11:34 PM

Fixed

By: ya2daup

ya2daup — Thu, 29 Oct 2009 12:35:58 +0000

Chirs Matthews assures me 2010 will be the bestest year ever for the economy. How can I not believe him?
angryed on October 28, 2009 at 7:05 PM

Because his grammar sucks?

By: viking01

viking01 — Thu, 29 Oct 2009 11:09:03 +0000

Jus’ cain’t be. BamBam promised to buy everyone one!

I cringe every time Rush has played the clip of the leech in Detroit being asked: What are you here for? “For the money” What kind of money? “Obama money.” Where does he get the money? “From da guvvamint.” etc. etc.

By: Instapundit » Blog Archive » CONSUMER CONFIDENCE slides on worsening jobs picture. “The Consumer Confidence Index, released by T…

Thu, 29 Oct 2009 03:35:32 +0000

[...] to 47.7 in October — its second-lowest reading since May.” The slide, like that in housing, was [...]

By: Caper29

Caper29 — Thu, 29 Oct 2009 03:34:39 +0000

Three stages of Obama:

Stage One: Get out of the way, let me clean up your mess

Stage Two: Grab a mop and help me clean up your mess

Stage Three: Help! Throw me a life preserver…

By: Ronnie

Ronnie — Thu, 29 Oct 2009 02:51:21 +0000

Things will pick up after next November. Hang in there.

By: Jeff from WI

Jeff from WI — Thu, 29 Oct 2009 01:23:26 +0000

Well, the prices sure haven’t dropped where I live. I was looking the other day. They didn’t give sq. footage but they all looked to be about 1500 sq ft., no garage, no off street parking, a patch of grass in front -maybe, who knows what it in the backyard, old without charm, 2 bedroom, no view – $495,000.

Blake on October 28, 2009 at 5:40 PM

The wayy neighborhood is being over-run by lowlifes, I figure my place will be more like $495.00

By: angryed

angryed — Wed, 28 Oct 2009 23:05:45 +0000

Chirs Matthews assures me 2010 will be the bestest year ever for the economy. How can I not believe him?

By: burt

burt — Wed, 28 Oct 2009 22:07:56 +0000

If we are currently in a recovery, we will most certainly have a double dip. 2010 is not going to be a good year. Expect to hit double digit unemployment within two months and stay there.

By: landlines

landlines — Wed, 28 Oct 2009 22:02:38 +0000

Housing sales drop “unexpectedly”

…for those who flunked Economics 101.

The rest of us were not surprised.

By: burt

burt — Wed, 28 Oct 2009 21:59:12 +0000

Analysts are not analysts. Analysts appear to just take previously reported numbers which may or may not be accurate and make a simple extrapolation, say linear. They do the same thing with GDP and the stock market. If the data includes numbers which are only one month old, they are usually unreliable. GDP data are revised for three months, sometimes significantly.

By: Blake

Blake — Wed, 28 Oct 2009 21:41:50 +0000

Now, that I think of it 1500 sq ft is too large. Make it about 1200 sq ft.

By: Blake

Blake — Wed, 28 Oct 2009 21:40:51 +0000

Well, the prices sure haven’t dropped where I live. I was looking the other day. They didn’t give sq. footage but they all looked to be about 1500 sq ft., no garage, no off street parking, a patch of grass in front -maybe, who knows what it in the backyard, old without charm, 2 bedroom, no view – $495,000.

By: Dark-Star

Dark-Star — Wed, 28 Oct 2009 21:27:15 +0000

OK…….what, exactly is the reason(s) anyone is honestly expecting a ‘recovery’ in the first place?

Dr. ZhivBlago on October 28, 2009 at 4:19 PM

False hope and/or ignorance.

I predict that Russian Roulette will become America’s new national sport within a decade.

By: ted c

ted c — Wed, 28 Oct 2009 20:58:38 +0000

The use of the word “unexpectedly” is quite hackneyed in the economic sense.