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Well, that is simply not true. There are many places to invest money other than the stock market.
You can walk around a block, and jump into conclusions about the overall market, or you can look at the official data. You have chosen to walk around the block, which explains your comments.
Hey, did you check out the link I provided you to the Government Accountability Office? There are all kinds of reports and assessments, including analysis on the Housing Market. Let me know when you want to discuss it.
Someone is buying the condos, becuase the inventory is disappearing. Might be a good time a pick up a few and rent them out.
You crack me up! You put this chart up without a link! I bet you can help them out huh? Please, if you are going to respond with your mundane, nonsensical poor excuse for an argument to my posts, do not request others to provide proof when you are just mouthing off and provide no citations of your own.
conservatives don't care about reality. conservatives don't arrive at their conclusions about public policy based on reality.
They work backwards, first they start out with the conclusion and judge the policy on the basis of it ends up with their conclusion.
So conservatives have already concluded that President Obama is bad for the economy.
This is the starting point for everything, any reality based information that corrects that view will be dismissed or explained away in their minds, because again, conservatives work backwards, they reach the conclusion, then interpret data or reality on the basis of if it confirms their conclusion.
This is how they can complain about the economy barely growing last quarter as proof that President Obama is bad for the economy, but completely ignore the reason the economy barely grew is because the government cut spending which goes against their other rock conclusion about government spending and the economy.
I thought housing derivatives were traded on the market, just like stocks.
Isn't that how it all crashed???
I believe it was only synthetic derivatives that traded in a market, which as the name implies weren't actually mortgage based derivatives, but were bets traders were placing on the success or failure of specific mortgage derivatives or other financial instruments. The goal, other than another way traders could make money, was to develop a market based measure of the riskiness of derivatives investments. With synthetic derivatives investors were not limited to the supply of actual mortgages.
... and that there had been significant improvement in new housing construction.
That is only true if you're speaking of just the very recent past. If the biggest homebuilder in, say, Phoenix, or Tulsa, or Chicago, builds six new houses in a month, yes, that's an improvement over the same period last year when they only built two. But next month they might only build three. And those numbers are a drop in the bucket compared to what they were building prior to the recession; perhaps hundreds of houses a month.
Hey, did you check out the link I provided you to the Government Accountability Office? There are all kinds of reports and assessments, including analysis on the Housing Market. Let me know when you want to discuss it.
Show me the stats proving South Florida housing market is currently inflated, and then we can discuss.
Well, that is simply not true. There are many places to invest money other than the stock market.
You can walk around a block, and jump into conclusions about the overall market, or you can look at the official data. You have chosen to walk around the block, which explains your comments.
Walk around any block and one will see foreclosures.So you think that 16000 forclosures in Orando is good and 5000 defaults on their mortgages bringing Orlando to 20,000 homes in trouble is fine..
The price has gone up because they are actually holding back shadow inventory to inflate value which is good .. but I will tell you, Bernanke is coloring the picture brighter to bring in new buyers. The mortgage rate of under 4% will tell you they are still trying to get people to buy.
It is a good time to buy in certain areas.Boomers can get a fantastic bargain today in Florida because the homes are still a great value. Many northerners are buying here and will continue to buy here. Getting a bargain on a home is one of the greatest purchases one can make . The value will always go up but the economy is still bringing in more foreclosures.
[URL="http://www.foxbusiness.com/news/2013/02/27/bernanke-housing-market-has-hit-bottom-is-recovering/"]Bernanke: Housing Market Has Hit Bottom, Is Recovering | Fox Business[/URL]
He said that house prices had crept up over the last year, and that there had been significant improvement in new housing construction.
Mr. Bernanke said the numbers of foreclosures, while still too high, are declining as were the number of homeowners who are underwater, a term meaning they owe more on their mortgages than their homes are now worth.
He said the continuing improvement in the housing market would have a positive impact on the employment picture, both by directly creating more jobs in home construction and factories that make home goods, and also indirectly by improving peoples' sense of wealth
well, the dow being up 200 points was also mentioned in the OP's opening post.
It isn't going into housing market, it isn't going into hiring new employees (not with the sword of Barry "Damaclese" Obama haning over thei heads of business), so where else would it go?
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