New home sales fell 12.4 percent in July to the slowest pace on record (real estate)

[g-man430]

But the economy is improving: Sales of new homes hit slowest pace on record - Business - Real estate - msnbc.com Time to pass another stimulus package that creates low-paying road paving jobs that last for only two weeks.

[Made_it_To_the_Metroplex]

It's called the end of gov't incentives for home buyers... Things will stabilize.

[g-man430]

Originally Posted by UpstateBooster

It's called the end of gov't incentives for home buyers... Things will stabilize.

And the question everybody wants answered is: WHEN?

[linicx]

Everyone wants to know when. The unknown is time. The housing bust and the economy downturn did not happen overnight. And it won't recover over night. But you have good healthy indicators such as Apple coming to Gville. Housing may double-dip, but the economy will not fully stabilize until the housing market in G'ville settles.

How do I know?. My mother starting teaching me real estate at the age of 9; I was her secretary, and by the time I was 18 I had a license. I talked to mother every day about realestate for 54 years. I saw the housing bust start to build when realtors in the Midwest were adverting $50K houses for $80K and selling them. Those same houses will not appraise for more than $50K today. When housing levels out, and home owned banks start to make 80%r loans with good credit on houses again, you are on the way to a recovery.

Hympty Dumpty did not break, but he took a very hard fall. We will be okay, but we will learn to live life differently. And that's okay, too. I've been watching the housing market for over 60 years. Based on what I've read I do believe G'ville will be on of the early recoveries.

Do not loose sight of the donut. Media in general makes outlandish claims that not only scare you, and destort facts, they do it for the almigty green back. Remember this the next time that Henny Penny announces on one of the local TV or radio channels the sky is falling, she's pandering for advertising dollars. If go into a double dip like the US Treasury Special Master predicts, it will get a little worse before the economy comes out it, but it should not be as bad as when it first collapsd. Be patient and help each other. We forgot how to do that in the last 50 years. .

[aetcas]

What makes this recession different, though, is the unprecedented level of national debt that we are now faced with, thanks to the unending appetite to spend, spend, spend. The country is going broke.

[Made_it_To_the_Metroplex]

All systems tend toward equilibrium (if left alone, that is!!). Let nature take its course.

[pgriss]

Thank you Linicx!!! I get so tired of the news beating us down. We are getting jobs although there are a lot of unempolyed people. Things will get better!!!! I am having a better year this year than last so in my eyes, that speaks for itself.

[ZoeK]

Linicx, people like you make me happy I am moving to SC. :-)

[ckeegan]

Originally Posted by g-man430

But the economy is improving: Sales of new homes hit slowest pace on record - Business - Real estate - msnbc.com Time to pass another stimulus package that creates low-paying road paving jobs that last for only two weeks.

Yeah, I heard that the mall isn't as busy after Christmas, as it is right before Christmas. Amazing!

You really want to see a housing slowdown, wait about 5 years when interest rates are likely to be double or more, compared to what they are now.

Thanks to the President, House, and Senate. Way to spend that money!