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Old 09-29-2009, 09:32 AM
 
1,983 posts, read 7,101,131 times
Reputation: 412

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Home prices rise for 3rd month in row, S&P says - MarketWatch

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Old 09-29-2009, 09:42 AM
 
238 posts, read 697,871 times
Reputation: 141
Good News Yihaaa!!!!! Let's go out and spend...................................the money we don't have.

Jobs are being shed and houses prices are up...........great the economy is improving. That makes total sense.
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Old 09-29-2009, 09:59 AM
 
58 posts, read 104,260 times
Reputation: 19
I think he is a real estate agent and distorts the data. One should look at the year to year change (YOY). Prices are down 10% since last year and hopefully this pattern will continue as long as it takes to have affordable housing.

NY Metro Case Shiller


Date NY Metro YoY Change
Jan-09 180.93 -9.73%
Feb-09 177.84 -10.31%
Mar-09 173.59 -11.66%
Apr-09 170.67 -12.36%
May-09 170.97 -11.97%
Jun-09 172.22 -11.56%
Jul-09 173.66 -10.35%
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Old 09-29-2009, 10:02 AM
 
238 posts, read 697,871 times
Reputation: 141
Quote:
Originally Posted by ordinar View Post
I think he is a real estate agent and distorts the data. One should look at the year to year change (YOY). Prices are down 10% since last year and hopefully this pattern will continue as long as it takes to have affordable housing.

NY Metro Case Shiller


Date NY Metro YoY Change
Jan-09 180.93 -9.73%
Feb-09 177.84 -10.31%
Mar-09 173.59 -11.66%
Apr-09 170.67 -12.36%
May-09 170.97 -11.97%
Jun-09 172.22 -11.56%
Jul-09 173.66 -10.35%

How dare you....!!!
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Old 09-29-2009, 10:02 AM
 
Location: southern california
61,293 posts, read 81,570,259 times
Reputation: 55458
government bailouts are preventing the market from fluctuating, my mail box is stuffed with visa applications not normal after a major economic downturn. do not buy a house or car we are about to step off the reef.
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Old 09-29-2009, 10:20 AM
 
744 posts, read 1,317,161 times
Reputation: 182
Quote:
Originally Posted by ordinar View Post
I think he is a real estate agent and distorts the data. One should look at the year to year change (YOY). Prices are down 10% since last year and hopefully this pattern will continue as long as it takes to have affordable housing.

NY Metro Case Shiller


Date NY Metro YoY Change
Jan-09 180.93 -9.73%
Feb-09 177.84 -10.31%
Mar-09 173.59 -11.66%
Apr-09 170.67 -12.36%
May-09 170.97 -11.97%
Jun-09 172.22 -11.56%
Jul-09 173.66 -10.35%
At least the rate of decline is trending the way current owners want.

Though the FHA and the FDIC are both starting to notice they are about to go bankrupt, which could throw a couple of small spanners in the works.
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Old 09-29-2009, 10:29 AM
 
58 posts, read 104,260 times
Reputation: 19
Quote:
Originally Posted by sholden View Post
Though the FHA and the FDIC are both starting to notice they are about to go bankrupt, which could throw a couple of small spanners in the works.

The Fed buys all mortgages and all mortgages are issued by FHA.
What a great scheme for supporting their overpriced houses and derivatives!!

100% - Federal Reserve Buys More Than 100% of Mortgages Issued in 2009 - Sep. 28, 2009 | Blogs at Chris Martenson - 100%, Chris Martenson's Blog, Federal Reserve, mortgages
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Old 09-29-2009, 10:30 AM
 
364 posts, read 778,066 times
Reputation: 100
Quote:
Originally Posted by sholden View Post
At least the rate of decline is trending the way current owners want.

Though the FHA and the FDIC are both starting to notice they are about to go bankrupt, which could throw a couple of small spanners in the works.
The FHA makes Countrywide Financial look prudent.

FHA Cash Reserve Running Out - WSJ.com
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Old 09-29-2009, 10:32 AM
 
364 posts, read 778,066 times
Reputation: 100
Quote:
Originally Posted by MoorestownResident View Post
We will see how 2009 ends. Spring and Summer are always uptick months.

Just let the homebuyer tax credit die - The Big Money- msnbc.com
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Old 09-29-2009, 11:06 AM
 
58 posts, read 104,260 times
Reputation: 19
Quote:
Originally Posted by Delphi View Post
We will see how 2009 ends. Spring and Summer are always uptick months.

Just let the homebuyer tax credit die - The Big Money- msnbc.com
The next two months might be uptick as well due to the tax credit.
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