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Existing House Sales Fall Again

By golfplan18   Follow   Mon, 25 Jun 2012, 5:50am   1,946 views   10 comments
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http://www.dsnews.com/articles/index/existing-home-sales-fall-in-may-3rd-drop-4-months-prices-rise-2012-06-21

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1. tclement Follow Befriend (3) 8 threads 48 comments Oakland, CA

   1   9:32am Mon 25 Jun 2012   Share   Quote   Permalink   Like   Dislike   How does this comport with this article? http://www.reuters.com/article/2012/06/25/us-usa-economy-newhomes-idUSBRE85O0NY20120625 Enquiring minds want to know.

2. Call it Crazy Follow Befriend 229 threads 2,779 comments

   2   9:55am Mon 25 Jun 2012   Share   Quote   Permalink   Like   Dislike (1)   tclement says How does this comport with this article? http://www.reuters.com/article/2012/06/25/us-usa-economy-newhomes-idUSBRE85O0NY20120625 Enquiring minds want to know. One article says EXISTING home sales, the other says NEW home sales....

3. tclement Follow Befriend (3) 8 threads 48 comments Oakland, CA

   3   11:14pm Mon 25 Jun 2012   Share   Quote   Permalink   Like   Dislike   Got it, Call it Crazy. Thanks for the clarity :).

4. everything Follow Befriend (2) 3 threads 549 comments Madison, WI

   4   4:17pm Wed 27 Jun 2012   Share   Quote   Permalink   Like (1)   Dislike   That is impressive. 180k median price * 4.5 million homes * lets say 5% commission. 9 thousand times 4.5 million! WOW!, and that's just one month's commissions.

5. everything Follow Befriend (2) 3 threads 549 comments Madison, WI

   5   7:09pm Wed 27 Jun 2012   Share   Quote   Permalink   Like   Dislike   Please correct me if I'm wrong, but that's over 40 billion dollars in RE commissions for the month of May.

6. SFace Follow Befriend (2) 61 threads 1,306 comments Premium

   6   7:22pm Wed 27 Jun 2012   Share   Quote   Permalink   Like   Dislike   Protected   everything says Please correct me if I'm wrong, but that's over 40 billion dollars in RE commissions for the month of May. the monthly #'s are annualized.

7. Musica2 Follow Befriend (2) 2 threads 16 comments

   7   1:44am Thu 28 Jun 2012   Share   Quote   Permalink   Like (1)   Dislike   Seems like folks are content to rent until there's a real bottom. So far, Chicken Little's been right 100% of the time. The sky is still falling on home sales ... along with lower pricing. Anyone think we'll see homes at pre-2000 prices?

8. Call it Crazy Follow Befriend 229 threads 2,779 comments

   8   6:40am Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike (1)   Musica2 says Anyone think we'll see homes at pre-2000 prices? We're just about there.... give it a few more months...

9. iwog Follow Befriend (48) 274 threads 12,546 comments 47 male Lafayette, CA Premium

   9   6:53am Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike   Protected   Musica2 says Seems like folks are content to rent until there's a real bottom. So far, Chicken Little's been right 100% of the time. The sky is still falling on home sales ... along with lower pricing. Anyone think we'll see homes at pre-2000 prices? The market is flat. The sky hasn't been falling since 2009. Knowing the "real bottom" is the biggest fallacy in investing and cannot be done except years in hindsight.

10. tatupu70 Follow Befriend (3) 15 threads 5,637 comments

    10   6:57am Thu 28 Jun 2012   Share   Quote   Permalink   Like   Dislike   Musica2 says The sky is still falling on home sales ... along with lower pricing. lol--I guess some people don't really want to know the facts... http://www.dsnews.com/articles/existing-home-sales-fall-in-may-3rd-drop-4-months-prices-rise-2012-06-21 Despite the month-month decline, existing home sales continue a steady, longer-term increase. Sales have averaged 4.574 million in the last five months compared with 4.358 million in the previous five months and 4.274 million in the first five months of 2011. The median price of an existing home climbed 5.1 percent from April to its highest level since October 2008 when it was $186,400. The median price is up 7.9 percent in the last year, the strongest year-year increase since February 2006 when it showed an 8.3 percent year-year increase