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Home sales highest; in over four years
Topic Started: Feb 27 2013, 01:47 AM (325 Views)
Sea Dog
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Thank you, President Obama!

http://money.ca.msn.com/investing/news/business-news/us-new-home-sales-jump-to-highest-in-4-1-2-years-3

Guess the doom and gloomers will have to
look elsewhere for their fix.
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Brewster
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That article must be wrong, Sea. Ban assures me Obama is spending the country into bankruptcy.
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Mountainrivers
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Brewster
Feb 27 2013, 03:39 AM
That article must be wrong, Sea. Ban assures me Obama is spending the country into bankruptcy.
Unfortunately, Ban doesn't look beyond the Faux News headlines for his information. He gets his bias confirmation fix and parrots it on this board. I really wish he would offer opinions that are accompanied by data that supports them. He, like most of us, is passionate about what he believes and isn't afraid to say it. But, he is often wrong and has been shown that many times, but still refuses to accept it.
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Home sales are usually a pretty good indication of consumer confidence.
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Mountainrivers
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telcoman
Feb 27 2013, 04:08 AM
Home sales are usually a pretty good indication of consumer confidence.
With prices still down and interest rates at historic lows, I'm surprised that home sales aren't going through the roof.
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Houses under 750k are having bidding wars in LA. Listing price means nothihng right now, folks are offering 30 to 100k more than the asking prices which are climbing
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Brewster
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That Darn Obama!
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Brewster
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removed
Edited by Brewster, Feb 27 2013, 07:01 AM.
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Pat
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I hope we are not on the cusp of another housing bubble, the banks know they will be bailed out so have little incentive to change.
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Pat
Feb 27 2013, 11:04 AM
I hope we are not on the cusp of another housing bubble, the banks know they will be bailed out so have little incentive to change.
The banks are the problem, they wont lend to anyone. Only folks with no money or folks who put 50% down are getting loans
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