BREAKING!! Home Sales Continue To Improve

The only buyers I have right now are people who really need a place to live and MUST buy while they are still employed (are about to retire), and those who can get extreme-distressed-sale prices (super priced foreclosures or distressed properties that must be sold.
Majority of people are looking for the impossible dream price. Prices in this area were 170% over "market value" at the peak of the bubble, and that did not deter buyers; prices still seem to be high, but this is an area where people want to "escape to"...

Thank you!!

Silly...try Loopnet...see how long them ghost warehouses stay on market.
or if you smart enough search AT&T assets real estate troubles. Even saudis puling money from usa ...BRICK's proformas looking way better.

Shadow inventory by state really isnt that bad except in 5 states or so.
[link to benchmark.us]

Maybe so but I had expected to see it in the news like the housing market was.Hard to know if things are as bad as they say.I know we have big problems but Finding out how big isnt easy because you dont know whats real and whats made up to look good.

the only house sales are to flippers, foreigners, of they are shit piles in bad location owned by multiple property owning landlords that are now underwater.

these house sales stories are with cooked numbers

Read the posts from the experts in this thread. They know!!

you must not have been alive during the late 70's , what a couple of tards. 4%? really? i guess you would rather wait for 12%

...better get your shopping cart now , you'll be homeless

That's right. The real-estate was sold to non-U.S. people. I don't see how this is good news.

<Snip>

The dismal report was a reversal of other recent housing market trends. Last week, the National Association of Realtors reported that existing-home sales rose for the third straight month in December and the Census Bureau said that construction of new homes had been gaining ground. [link to money.cnn.com]

Pat Newport, an industry analyst with IHS Global Insight, did not put much stock in the December new-home sales report, however. "They're not statistically significant," he said. "I think the other recent numbers, like on housing starts and permits, give a more accurate picture of the current trends in the market."

<End Snip>

[link to money.cnn.com]

Last Edited by Sgt. Stedanko on 01/26/2012 04:35 PM

Pending Home Sales Decline in December, Remain Above a Year Ago
[link to www.realtor.org]

so it turns out new home sales were about half of what they should have been and 2011 was the worst year EVER for new home sales.

[link to news.yahoo.com]