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Old 05-25-2010, 10:30 AM
 
74 posts, read 116,427 times
Reputation: 39

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Think housing is recovering? Think again.

May 25, 2010: 8:13 AM ET


(Fortune) -- Americans purchased homes at a surprising clip in April, but don't let that fool you into thinking the housing market is back.
Although economists were expecting a month-over-month increase of 5.5%, the National Association of Realtors reported (http://www.realtor.org/press_room/news_releases/2010/05/ehs_april - broken link) yesterday that sales of previously owned homes rose an unexpected 7.6%. That continued a yearlong rise in housing activity and marked the highest number of sales recorded since November of last year.



read the whole peace
http://money.cnn.com/2010/05/24/news/economy/housing_recovery_slows.fortune/ (broken link)
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Old 05-25-2010, 10:48 AM
 
74 posts, read 116,427 times
Reputation: 39
make sure you do your research prior to jumping in theirs a very good chance we will see a much larger down turn do to the gov ending their stimulus programs, huge amount of bank and privately held inventory coming to market and signs of the fed upping interest rate soon. don't be foolish and get cough up in the Realtor hype.

read only articles/blogs that allow for opposing comments this way you have here both sides.

Tax Credit Will Distort Housing Through June

Case-Shiller Indices Suggest Renewed Weakening of Housing Market
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Old 05-25-2010, 12:37 PM
 
Location: Los Angeles, CA
787 posts, read 1,942,825 times
Reputation: 379
Quote:
Originally Posted by KasperFile View Post
make sure you do your research prior to jumping in theirs a very good chance we will see a much larger down turn do to the gov ending their stimulus programs, huge amount of bank and privately held inventory coming to market and signs of the fed upping interest rate soon. don't be foolish and get cough up in the Realtor hype.

read only articles/blogs that allow for opposing comments this way you have here both sides.

Tax Credit Will Distort Housing Through June

Case-Shiller Indices Suggest Renewed Weakening of Housing Market

1) Don't be foolish and jump to the conclusion I was ever caught up in any realtor hype. I simply posted a study that suggested the worst MAY be over for downtown Miami's condo market. That said, we COULD be heading for a double dip. But ONLY time will tell for sure.

2) Before you accuse other people of being fools....try checking your own post (theirs?? vs. there is). LOL!!!!
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