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onehandle (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 12:12 PM Original message |
New home prices plunge, sales soar |
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Demeter (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 12:14 PM Response to Original message |
1. But There's NO Recession, No Sir! |
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gravity (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 10:22 PM Response to Reply #1 |
24. The price of housing is lower, so it's good for the economy |
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Tempest (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 12:19 PM Response to Original message |
2. Who's buying? |
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pimpbot (770 posts) Send PM | Profile | Ignore | Thu May-24-07 12:29 PM Response to Reply #2 |
9. Have you checked asking prices on those houses? |
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Tempest (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 02:34 PM Response to Reply #9 |
20. Housing prices in CA are dropping rapidly |
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4dsc (1000+ posts) Send PM | Profile | Ignore | Fri May-25-07 07:50 AM Response to Reply #20 |
28. Some are over priced??? |
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Tempest (1000+ posts) Send PM | Profile | Ignore | Fri May-25-07 11:15 AM Response to Reply #28 |
29. Look outside of the big cities |
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CK_John (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 10:18 PM Response to Reply #2 |
23. In my area only the banks showup at county repos sales. n/t |
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pokercat999 (1000+ posts) Send PM | Profile | Ignore | Fri May-25-07 04:58 AM Response to Reply #2 |
27. Same in my area speculators have overbuilt for the |
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zonkers (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 12:20 PM Response to Original message |
3. Does this negatively impact the "existing home" market? I would think so. |
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sdfernando (421 posts) Send PM | Profile | Ignore | Thu May-24-07 12:20 PM Response to Original message |
4. Wait for the revised April numbers |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 01:24 PM Response to Reply #4 |
16. Yes. Month to month "surges" and "plunges" are not very useful indicators. |
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pimpbot (770 posts) Send PM | Profile | Ignore | Thu May-24-07 12:21 PM Response to Original message |
5. Actually, this doesn't sound that bad of news |
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ozone_man (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 09:13 PM Response to Reply #5 |
22. Except prices could be plunging and sales "soaring" |
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Donnachaidh (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 12:22 PM Response to Original message |
6. I don't believe it |
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Henryman (187 posts) Send PM | Profile | Ignore | Thu May-24-07 12:55 PM Response to Reply #6 |
13. How do you gobble up a foreclosed NEW home??? n/t |
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Donnachaidh (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 02:13 PM Response to Reply #13 |
19. I meant overall sales |
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depakid (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 01:37 PM Response to Reply #6 |
18. It's CNN- they'll say anything |
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smitty (580 posts) Send PM | Profile | Ignore | Thu May-24-07 12:24 PM Response to Original message |
7. Wait a sec! The prices of houses fall and sales of houses |
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nolabels (1000+ posts) Send PM | Profile | Ignore | Fri May-25-07 01:02 PM Original message |
That might have of also been a on purpose typo...... |
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LisaM (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 12:26 PM Response to Original message |
8. Gee, a few more plunges and maybe I'll be able to buy |
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pimpbot (770 posts) Send PM | Profile | Ignore | Thu May-24-07 12:32 PM Response to Reply #8 |
10. Prices will continue to correct |
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LisaM (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 12:40 PM Response to Reply #10 |
11. I know; it's ridiculous. And where I live (Seattle) they haven't corrected yet |
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David__77 (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 12:44 PM Response to Reply #11 |
12. 1200 square foot condo for 270,000 here in Sacramento. |
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AlCzervik (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 01:01 PM Response to Reply #12 |
14. 2 house on my street are for sale in Elk Grove, one is 2700sf, she started at |
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David__77 (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 01:16 PM Response to Reply #14 |
15. It was almost $200/square foot. Crazy. |
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AlCzervik (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 01:25 PM Response to Reply #15 |
17. i agree, we haven't hit the bottom yet--but it's coming and i am so glad we never |
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diamidue (606 posts) Send PM | Profile | Ignore | Thu May-24-07 11:50 PM Response to Reply #14 |
26. Have you seen this site? |
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1932 (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 10:33 PM Response to Reply #11 |
25. I think the sales up/prices down phenomenon reflects that sellers who were holding out finally |
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seriousstan (1000+ posts) Send PM | Profile | Ignore | Thu May-24-07 02:43 PM Response to Original message |
21. Fantastic news. As a landlord who is looking to expand my holdings, I welcome a correction. |
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spinbaby (1000+ posts) Send PM | Profile | Ignore | Fri May-25-07 11:37 AM Response to Original message |
30. Sales of existing homes are down |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Fri May-25-07 12:55 PM Response to Original message |
31. I wouldn't touch a new home with a ten foot pole right now. |
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DU GrovelBot (1000+ posts) Send PM | Profile | Ignore | Fri May-25-07 01:02 PM Response to Original message |
32. ## PLEASE DONATE TO DEMOCRATIC UNDERGROUND! ## |
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fedsron2us (1000+ posts) Send PM | Profile | Ignore | Fri May-25-07 03:24 PM Response to Original message |
33. Contradicted by today's figures from the National Association of Realtors |
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DU AdBot (1000+ posts) | Thu May 02nd 2024, 09:49 AM Response to Original message |
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