Comments for "Pending Home Sales Index"
Nemo says:
That's an awful lot of "cash flow" rentals about to hit the market.
Nemo Wed Apr 1 09:04:11 2009 CDT #
CRbot says:
This comment thread has been HALO-IZED by CRbot.
http://realize.org/cr/halokit.php?halourl=http://www.haloscan.com/comments/calculatedrisk/6550104463983850970
CRbot Wed Apr 1 09:06:01 2009 CDT #
Dead_Monkey_Bounce says:
The classic example of a real world system going out of control:
http://www.youtube.com/watch?v=3mclp9QmCGs
Dead_Monkey_Bounce Wed Apr 1 09:06:39 2009 CDT #
Anonymous says:
Schiff interviews Marc Faber :
http://www.europac.net/report/reports/report_faber.pdf
Anonymous Wed Apr 1 09:07:03 2009 CDT #
Spunkmeyer says:
Not to mention the tax credit for first time homebuyers... I can't tell you the number of people I've heard using that one to bolster their claims of a Summer turnaround.
Spunkmeyer Wed Apr 1 09:07:17 2009 CDT #
Anonymous says:
http://www.europac.net/report/reports/report_faber.pdf
Anonymous Wed Apr 1 09:07:28 2009 CDT #
Anonymous says:
http://www.europac.net/report/reports/report_faber.pdf
Anonymous Wed Apr 1 09:07:32 2009 CDT #
Barley says:
An arcarpous number
Barley Wed Apr 1 09:08:22 2009 CDT #
Pavel says:
"U.S. President Barack Obama will visit Moscow in July at the invitation of Russian President Dmitri Medvedev, The Associated Press reported April 1. The two leaders have agreed to reach a new nuclear arms control and reduction treaty before the end of December."
Pavel Wed Apr 1 09:08:54 2009 CDT #
yogurt says:
. The two leaders have agreed to reach a new nuclear arms control and reduction treaty before the end of December."
Translation: "We're both broke".
Parent Post
yogurt Wed Apr 1 10:59:08 2009 CDT #
Dead_Monkey_Bounce says:
Enough Anonymous. Stop, please.
Dead_Monkey_Bounce Wed Apr 1 09:09:25 2009 CDT #
MrM says:
ISM Manufacturing index
Actual 36.3 - a bit above the December low of 32.9
Consensus 36.0
Bad as expected, no adverse surprises
MrM Wed Apr 1 09:09:31 2009 CDT #
giacutter says:
CR, your last line would be better if it read: "Note: Ignore all the NAR nonsense. That just tells you interest rates are low."
giacutter Wed Apr 1 09:10:17 2009 CDT #
Anonymous says:
Why is CalculatedRisk even commenting on press releases from NAR? They are so obviously biased- in their world it's always a great time to buy.
Seriously, I have a lot of respect for the blogging behind CalculatedRisk, but I can't fathom why you would lend NAR press releases any credibility with a blog posting that takes their propoganda seriously...
Anonymous Wed Apr 1 09:11:25 2009 CDT #
Comrade Bear (tj and the bear) says:
Anon,
Sometimes the shills are the only source for certain information.
Comrade Bear (tj and the bear) Wed Apr 1 09:15:35 2009 CDT #
Dead_Monkey_Bounce says:
First Madoff funder fraud case that I'm aware of: http://www.bizjournals.com/boston/stories/2009/03/30/daily48.html
Dead_Monkey_Bounce Wed Apr 1 09:15:55 2009 CDT #
park says:
Yes, Anon, lecture us about credibility.
Did you catch the last line of the post?
park Wed Apr 1 09:16:03 2009 CDT #
CRbot says:
New Thread: Construction Spending Declines in February
http://www.calculatedriskblog.com/2009/04/construction-spending-declines-in.html ( 0 comments ...You could be FIRST! )
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CRbot Wed Apr 1 09:17:12 2009 CDT #
Leftys Liquors and Lubricant and Tarp Bank says:
Wow, Obama is going to sign a new nuclear with the Russians at the end of Dec. i bet they will honor it until Jan. or even Feb. Millions of Americans should have a Merry Christmas though. Hot soup for you.
Leftys Liquors and Lubricant and Tarp Bank Wed Apr 1 09:22:17 2009 CDT #
Beaver says:
Beaver, the OC, CA mover here...just saw a two income couple, who are moving from Lake Forest to Ladera Ranch...their current home was purchased in '06 for $670K and is on the market for $549K....they haven't sold and intend to lease the home....
I believe they are buying a newer home for a much reduced price, and, will eventually let the older home go back to the bank.....
It is interesting to see this type of move occurring higher in the "housing food chain " ... lots of this stuff is going on in the Inland Empire
It is an encouraging sign that they will use a mover....
Beaver Wed Apr 1 10:08:02 2009 CDT #
T-Mak says:
Sold my home last week for 8,900 under asking (listed 236,900 recieved 228,00) and am now officially in the renter club - always wanted to do the sublet in big city (Philly) thing. Depends on ze market though I probably could have received close to 250,000 two years back. Then again, the house was purchased for 15,500 in 1966....guess I'll be a "market turnaround" (yeah right) stat for March.
Here's to officially being a renter/saver...cheers!
T-Mak Wed Apr 1 10:20:45 2009 CDT #
Hangtown says:
The NAR should license the Easter Bunny as their corporate logo.
Hangtown Wed Apr 1 10:37:25 2009 CDT #
CJ says:
A median-income family, earning $59,700, could afford a home costing $285,600 in February with a 20 percent downpayment, assuming 25 percent of gross income is devoted to mortgage principal and interest.
If they live in my area, over half their after-tax income would go to principal, interest, insurance, and property taxes. Their total payment would be around $1700. I guess they can technically "afford" the house, they just can't afford anything else.
I know this is just an example they're using, but it represents how the NAR tries to convince people it's normal for people to have most of their after-tax pay going to a hosue. There are suitability guidelines to prevent brokers from promoting risky investments to a family with $60k/yr income and $60k of cash. Yet Realtors can promote the idea that it's good for this family to take their $60k and use it as a down payment on a $300k house. It seems like it should be a crime.
CJ Wed Apr 1 12:45:51 2009 CDT #
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