BREAKING!! Home Sales Continue To Improve

Forclosures are up too, specifically in Florida where they now use the courtroom rocket-docket.

This Gov PsyOp thread is right up there with the Aliens are the Antichrist threads.


DP

People never really "own" their home. Try not paying property rent; I mean property taxes...

This. President Paul will make it go away, I'm sure.

Interest rates are at their lowest rate ever. Now is the time to buy if you qualify:

Thread: BREAKING!!! 30-Year Mortgage Drops To Record 3.89%

This Gov PsyOp thread is right up there with the Aliens are the Antichrist threads.


DP

Not with rates at the lowest they have ever been.

Thread: BREAKING!!! 30-Year Mortgage Drops To Record 3.89%

You must be a renter.

Home sales ended a difficult year on a high note, resulting in a gain in full-year sales volume.

The National Association of Realtors reported that the annual sales pace in December reached 4.6 million homes, up 5% from November's pace and 3.6% from a year ago.

It was the third straight month of improvement in the pace of sales. The fourth-quarter sales volume lifted full-year sales to 4.26 million homes, up 1.7% from 2010 levels.

"The pattern of home sales in recent months demonstrates a market in recovery," said Lawrence Yun, the group's chief economist. "Record low mortgage interest rates, job growth and bargain home prices are giving more consumers the confidence they need to enter the market."

Snip: Less than 50%.

Read the full article here:

[link to finance.yahoo.com]

Homeowner here. With that said, in light of what has happened to this nations economy since 2008, I would be remiss not to have a level of skepticism looking around me. Just remember this: "Everything happens for a reason, and it isn't always in the publics best interest. If you get my drift.

lets say this is the bottom when it comes to mortgage rates.

why would i want to buy at the bottom of mortgage rates?
when the rates start going up (and they will) the buying power of the people lookin to buy will be dramatically reduced which means home prices will go down even more.

if i buy at lowest interest rate i will be running the risk of being upside down with a few years.

people thought 2005 was the top and it kept going for another 2 years.

if people think this is the bottom then that means they will prop the market by sucking in suckers for at least two more years, then take them out... THEN it will be a great time to buy!

long term mortage rates are a record lows.

yield rates have been dropping in search of volume for 30 years now.

and it's been powering the 40 year old real estate bubble in the USA.

but it's almost over...2008 was caused by the collapse of a real estate bubble within the real estate bubble.

there is a maximum potential tha tyield rates can drop before it becomes impossible to obtain a positive yield.

Then the USA along with teh rest of the world will implode.

because it will be impossible to extract a yield from the USA without causing a contraction.

if the sustem is yielding 7% and you take 6% to sustain yoruself.

then there is a growth rate of 1%...

but if the systam is yielding 3% and you are taking 6% to live off off...it's then collapsing by 3%...

the increase in teh public of federal debt of teh USA along with teh quantative easing is a sign tha tteh volume to support the record low rates is not there.

but if yield rates are increased in order to obtain viable yields...the system will collapse.

All that this increase in volume means with yield rates enginnered to half century record lows...is that postponement of the implosion of the USA and world is working.

there is still time left to enjoy the delusion.

Soon it will be impossible to obtain the required volume to support the yeild extraction and the only way to obtain a yield from the system will be by shrinking it.

downsizing...collapsing it.

the top or masters divide and conquer the bottom into two factions.

the rich servants or middle class an teh poor slaves of lower class.

The top employ the bottom to supply teh top with everything...teh top then take their cut and supply the rich servants and teh rich servants take their cust and supply what si left over to the poor slaves.

The top live off the yield from teh bottom.

but when teh bottom reaches their maximum potential to support the top...the top is forced to make cuts...

The lower class is alreay paid teh minimum to supply the top with teh maximum...

So the only place to cut...is the middle.

The middle has to shrink while the lower class expands.

soon the bottom will be unable to support the top...and the only way the top will be able to obtain teh yield they demand the bottom to supply.

is by shrinking the middle class.

rapidly.

Started smoking early?

yeah listen to greedy ass real estate agents.they lied their asses off too .steered un qualified people to mortgage brokers who got them approved.they all work on commision and will tell you anything to make a sale.they are reselling the same homes people lost at half the price of 5 years ago.just as guilty in my book as the bankers

Are you REALLY that stupid? REALLY? Do you believe this lying bullshit?



The real numbers on home sales and foreclosures will never be told!!!!


[link to www.cnbc.com]

That is the inherent nature of investment - all investment entails taking a risk.

No one can 100% predict where the market will go from here. But it is reasonable to expect that we are at (or near) bottom.

The federal tax credit ended, what, 2 years ago? And there was a double dip after it ended. There is no federal credit now, and people are buying like crazy.

In real estate terms, this means this is a bottom. And people are taking the risk and buying. At incredibly low interest rates, and at prices that are affordable.

So, if you let fear dictate your investment strategies, then you would never invest at all.

The nature of investment is to take a calculated risk. That's economics for you.

HyperTiger's spell check is broken.....

Can you pass the Hopium, please

Over 50% of the population lives check-by-check. Unless those number improve drastically, don't ever expect a full recovery of the economy.

I made less than 50K a year for the past 4 years in on site sales. If you consider that greedy than my response to you is go re-join your friends at occupy wallstreet.

Data on sales of previously owned U.S. homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought.

Yes, but that is irrelevant. The NAR says, "it's all good in da' hood!" So, it must be, right? They have no reason to lie! Right?