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Which part did you think was funnier? Was it the errant apostrophe indicating possession in "doom and gloomer's" or was it falsely equating a fall in housing prices with the decline of western civilization?
I can't decide!
Last edited by goonsquad; 06-24-2009 at 01:15 PM..
Reason: Added a question mark before you could catch me
You can add me to the list of people who acknowledges that NJ real estate prices should, are, and will continue to drop to revert to historical norms. Also add me to the list of people who didn't call a real estate bottom in November for NJ. Also, please add me to these lists:
- Knows how to read historical charts
- Reads entire articles and not just the headlines
- Makes decisions based on information and not gut feel
- Knows basic math
Pending home sales up 4th straight month in May - Yahoo! Finance (http://finance.yahoo.com/news/Pending-home-sales-up-4th-apf-3390663003.html?x=0&sec=topStories&pos=1&asset=&cc ode - broken link)
Pending home sales up 4th straight month in May - Yahoo! Finance (http://finance.yahoo.com/news/Pending-home-sales-up-4th-apf-3390663003.html?x=0&sec=topStories&pos=1&asset=&cc ode - broken link)
I can't wait for the summer rush to be over and the Aug - Feb numbers to show declines in house sales each month and JG183 argue it is seasonal. Can't wait..
As we've already pointed out, pending sales don't equate to completed sales. This is a fact that even your savior, Lawrence Yun has been quick to point out as he lobbies for looser restrictions on honest appraisals and that fact that those honest appraisals threaten to torpedo many of these pending sales.
If and when sales continue to increase to the point where they're at "typical" levels and inventory becomes "normal", naturally these would indicate a return to housing market stasis. They would also coincide with a levelling of prices.
Now what of your predictions/claims about the state of the housing market? I seem to remember you making a bold claim that to date you have refused to answer to.
and if the Aug - Feb numbers don't show declines ...?
Hey Genius your numbers are month to month they dont matter.
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