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There is no basis to compare to until the government steps out of the way and stops artificially holding up the market. NOW maybe we will see where the market really stands.
Yep "the government" is marching folks into Open Houses, holding guns to their heads and forcing them to sign nice low rate mortgages with attractive terms...
I don't like false hope.....its the new way..prop things up and maybe nobody will notice
Well maybe if the previous administrations didn't deregulate the banking industry, the issues we now have in the wouldn't have been an issue. At all. The economy didn't go downhill overnight. Besides, if you don't like false hope, then what do you call an economy that was artificially propped up for years off the "home ATM", aka cash-out refis and HELOCS?
Picture this ... you're going down a river with no life jacket, and your rubber raft hit a rock. Now it's leaking. Isn't it at least better to stop, patch that leak, and blow a few puffs of air back in it to keep it afloat? Or do you let it leak continue and hope you don't sink to the bottom? Right now, that raft lost some air, but it didn't lose all its air. It's still a scary, worrying ride, but all you have to is make it to the end of the river ... as once you get to the lake, it's all good from there.
The data are useful to me. I can interpret it my way, develop reasons for my interpretation, and plan based on those reasons.
I have never declared something 'useless' just because I do not understand it or it is of no value to me.
Unless there were the same tax credits at the same time last year how can these comparisons mean anything? Tell you what if in the next 3 months home sales continue to surge, then I'll say there is some value..my suspicion is the news wont be good and everyone will go on about how we have regressed...when in actuality we never really went forward.
Thing WILL get better, they always do. I just don't think that time is right this moment as the numbers suggest.
Only crazy people will go on and on about how we regressed. Everyone knows there was an artificial spike. That's no reason to stop running the numbers. The numbers aren't the problem; it's the interpretation of the data that matters.
You know you can compare more than one year at a time. So these months will be but blips in the overall analysis of the data.
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