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House-buying season the worst in at least 50 years


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2012 Sep 9, 3:27am   18,584 views  53 comments

by mike2   ➕follow (0)   💰tip   ignore  

http://finance.yahoo.com/news/Homebuying-season-the-worst-apf-308078857.html

WASHINGTON (AP) -- The home-buying season was a bust.March through August are typically the peak buying months. But this time, Americans bought fewer new homes in that stretch than in any other six-month period since record-keeping began a half-century ago.And sales of previously occupied homes didn't fare much better. They nearly matched 2009's total for the peak buying months. And that was the worst since 1997.Combined, total sales this spring and summer were the weakest on records dating to 1963. The figures underscore how badly the housing market is faring and suggest that a recovery is years away.Because the economy

#housing

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50   RentingForHalfTheCost   2012 Sep 12, 1:26am  

Bigsby says

RentingForHalfTheCost says

Sales are still at record low levels. A bump from the bottom is still a long way from normal.

And a long way from 1975...

Not in inflation adjusted terms. Not at all. Wait for it...

51   ELC   2012 Sep 12, 1:26am  

SJ says

as the USA becomes a police state.

"Becomes" a police state? IS a police state... http://discoverpolicing.org/whats_like/?fa=types_jobs

52   ELC   2012 Sep 12, 2:14am  

RentingForHalfTheCost says

If you were a man, then a women. Poor then rich. Ugly then handsome, etc. etc. Kinda sucks for the middle of the road people, they won't really change much.

Rebirth is like a pendulum. The middle of the road people been there done that. We just can't remember. Unless...

53   Goran_K   2012 Sep 12, 2:27am  

APOCALYPSEFUCK is Shostakovich says

Everyone who is thinking about buying a home should watch The Road 16-20 times while high on meth and then ask themselves, what will a home be worth after shit 100x as bad as that going down?

Loved that movie (except one scene sort of freaked me out).

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