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House Resale Numbers Start Falling

By Patrick   Follow   Sun, 28 Oct 2012, 12:53pm   344 views   2 comments
In Menlo Park CA 94025   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://www.equities.com/news/news-headline-story?dt=2012-10-26&val=639163&d=1&cat=headline

Real Estate Marketing Insider's Mr. Nergarden commented on news from the New York Times that home resale numbers, after reaching their highest number in two years, began falling. Mr. Nergarden states that this is bad news for the housing market, saying that the news is a reminder of how far the housing market has to go to make a full recovery from the 2008 crash.

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1. Call it Crazy Follow Befriend 229 threads 2,766 comments

   1   7:27pm Sun 28 Oct 2012   Share   Quote   Permalink   Like   Dislike   Are the commercial investors done buying rentals, so demand is falling? I wonder if they now expect the broke consumers to pick up the ball and run with it?? Good luck with that hope...

2. JodyChunder Follow Befriend (3) 16 threads 1,371 comments Victorville, CA Premium

   2   8:52pm Sun 28 Oct 2012   Share   Quote   Permalink   Like   Dislike   Patrick says how far the housing market has to go to make a full recovery from the 2008 crash. This is pretty lame talk. A recovery on par with the credit bubble (read: asset prices absurdly decoupled from real means) would require either the same magical mystery decimals of pre-2008 or a shot-in-the-ass for the middle class. Neither are remotely probable in any of our natural lifetimes.