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Home sales inch up in January as inventory shrinks

Home sales inch up in January as inventory shrinks

Phil Bertoli
February 21, 201 These are the people who, to a major extent, gave us the 2007 R/E crash. If you believe their propaganda, I have a bridge in NYC I can sell you at a great price.

1Geno Bronzi
Ida Goodman
February 21, 201 Like the unemployment numbers, these figures are also fake. They use words like seasonably adjusted , and revised from last month to hide the fact that the numbers are not actually improving, .

1Geno Bronzi
Jeff Dunham
February 21, 201 Yep, 5 of the 500 signs on my road, came down

1Geno Bronzi
Geno Bronzi
February 21, 201 @Jeff Dunham Exactly. With housing demand falling to 16 year lows, population growth the lowest in US history and excess empty housing inventory in the millions, we have a long way to go to get to the bottom.


UCASupplyChain 21 Feb MT @MKTWeconomics: The number of homes for sale hasn`t been lower since 1999. t.co/1Fn3u1xeR8


JErv8 21 Feb @MKTWeconomics A substantial premium over both the purchase and market prices. The goal is to improve one`s condition.


etellurian 21 Feb @MKTWeconomics why you got a buyer that wants to take advantage of our struggling economy? Who`s got SE to buy home? Smart? Bad debt?


unwet 21 Feb .@MKTWeconomics a better housing market. People have lose so much value from their initial purchase that no one is willing to sell now.

1M J Christian
Geno Bronzi
February 20, 201 @unwet They`ll lose more the longer they wait.


samolee 21 Feb @MKTWeconomics @mktweconomics value of the property is less then the amount owing. Till its goes up I have roof on my head


Robert Loftus
February 20, 201 Say goodbye to QE3. Right now employment would see more of a boost from a drop in energy prices than it would from continued Fed bond buying.

1kenneth johnston
kenpeyser 21 Feb @MKTWeconomics A buyer @ my original purchase price


bruce colosimo
February 20, 201 the recovery is a fake ..home prices are a fake ..anybody buying now will be upside down later .....remember.... there printing 85b a month

2Geno BronziIda Goodman
Jake Reyna
February 20, 201 There will be another correction. Buy low, sell high. Our market has recovered, we bought a foreclosure at the bottom. Demand is high in our area, new homes are being built, and sold. The dilemma, how long to hold before cashing out, 2014, 2015?


Geno Bronzi
February 20, 201 LOL @Jake Reyna Housing demand is at 1997 levels and falling. A "recovery in housing" is dramatically lower prices by definition.


Jake Reyna
February 20, 201 @Geno Bronzi Show me some data.


Geno Bronzi
February 20, 201 @Jake Reyna @Geno Bronzi Go look it up lazy.


Jake Reyna
February 21, 201 @Geno Bronzi Lazy? You`re the one making up data, typical. The population in 1997 was 267,743,595. In 2013 315,370,052. An increase of 47,264,457. So, you want me to believe housing demand is at 1997 levels and there are an additional 47 million people. Does Joe Scarborough do your math?


Geno Bronzi
February 21, 201 @Jake Reyna Falling housing demand to 16 year lows has nothing to do with "population". When was demand at current levels last seen? 1997. Go look up the data. You`re lazy.


Jake Reyna
February 21, 201 @Geno Bronzi I am? Show me some data, you`re all talk.


Geno Bronzi
February 21, 201 @Jake Reyna @Geno Bronzi Yes you are lazy. You`re all housing untruth.


Bryan Harper
February 20, 201 A question for your accountant. What exit price did you have in mind? What was the original purpose of the purchase. Do you need the money. Can you put the money to work with a better ROI and less risk?


Jake Reyna
February 21, 201 @Bryan Harper This house was part of the journey, we never intended to stay forever, and the market has recovered nicely. I know many people that held on for more money, then it all collapsed. The ROI is significant based on the current active, healthy market. 5 years from full retirement and we would rather have cash, rent, and freedom. Imagine not having any debt.


Geno Bronzi
February 21, 201 @Jake Reyna @Bryan Harper "I know many people that held on for more money, then it all collapsed." Just like what`s happening now. Housing prices were never allowed to correct.


John Nystrom
February 20, 201 What`s a person to do? Take a risk on stocks and bonds, buy real estate, buy gold, bury worthless greenbacks in a coffee can, trade in dollars for some other currency? Point is, one can easily find a dozen valid arguments for or against any of these things and would be right ... because there are a lot of reasons to worry! None of us have a crystal ball so we don`t really know ... it is still all conjecture, and as we`ve seen strange things happen all the time in the world of money and investing!

1Bryan Harper
Bryan Harper
February 20, 201 Owning real estate is like owning gold except that RE can provide ongoing income whereas gold cannot provide income except by sale of the asset. Think of RE as a long term bond with a somewhat variable return


Susan Kachmar
February 20, 201 Back during the height of the recession, on a local level there was a lo of inventory on the market. It stayed for years. It is pretty much gone. I see far fewer for sale signs today than a year ago. So I believe inventories are low. The question is why. What I learned during the recession was that many homeowners intending on selling their homes to buy another either larger or smaller, instead remodeled. So they are staying put. This took off a lot of inventory. Boomers before the recession were taking out equity loans and buying 2nd homes intending to eventually sell the 1st home when they retired. Many have lost or sold their 2nd home and that plan has changed. I just heard that about 40 percent of buyers are investors, international and cash buyers. That is historically high they say. It has been written that another issue is that many people might want to sell, but are underwater and thus can`t. So there are all sorts of reasons why inventories are low.

1Jake Reyna
John Nystrom
February 20, 201 @Susan Kachmar Because of the plight of many American`s, it is hard to grasp that there are a lot of foreigners with a lot of money who are buying real estate! If you have familiarity with parts of Southern California or South Florida, you see this! And, in most cases, these people think American real estate is relatively inexpensive compared to their home countries, so they perceive they are getting value! By American standards, the world has truly turned upside down!


Susan Kachmar
February 20, 201 @John Nystrom @Susan Kachmar I watch HGTV often that show international properties every single day for sale or lease. There is no doubt that for the most part compared to Europe and Asia that America is cheap and certainly a much better bang for the buck. Often in these European homes for sale, there is NO kitchen at all. The bathrooms are the size of a closet. Ceilings that are barely 6 ft high. I mean it is laughable. They are proud if they have anything modern in the home. We aren`t even talking about size or condition.


Geno Bronzi
February 20, 201 @Susan Kachmar " I watch HGTV often" We can tell.


Susan Kachmar
February 20, 201 @Geno Bronzi @Susan Kachmar I like to watch the international episodes because they feature properties in many different locations. It is fascinating to see what is offered around the globe. It offers one perspective. However, most of my investigation comes from reading and talking with those that travel for a living. Look down your nose all you like, but there are many sources of information.


Geno Bronzi
February 20, 201 @Susan Kachmar @Geno Bronzi Your "investigation" of what? What?


Chris Williams
February 20, 201 What will happen when the banks unload all the foreclosures they have been sitting on to artificially inflate the market?

1Geno Bronzi
Larry Riley
February 20, 201 @Chris Williams Are those included in existing inventory numbers?


M J Christian
February 20, 201 @Larry Riley @Chris Williams ---They book a foreclosure as a sale and then hold them off the market, hoping for a better day to unload them.


Larry Riley
February 20, 201 @M J Christian Thanks.


Steve Goldstein
February 20, 201 @Larry Riley @Chris Williams Not in the NAR report. That`s why I included the estimate from CoreLogic that 2.1 million are in `shadow` inventory.

3M J ChristianJake ReynaBryan Harper
Geno Bronzi
February 20, 201 @Steve Goldstein @Larry Riley @Chris Williams That estimate is grossly understated.


Chris Williams
February 21, 201 @Steve Goldstein @Larry Riley @Chris Williams It might just be me but I`ll think twice before taking a report from a company (CoreLogic) that was sued for fraud in a subprime shakedown. That`s like taking the Tobacco industry`s word that cigarettes are good for you.

1Norman Smith
Geno Bronzi
February 21, 201 @Chris Williams @Steve Goldstein @Larry Riley Exactly. And combined with NAR inflating demand every single month for 4-5 years straight demonstrates how unreliable housing information really is.


Bryan Harper
February 20, 201 Most will be purchased by the next generation of REIT`s and go stright into the rental pool. It will be a good time to hook up as a rehab guy because as they sit they do deteriorate. Another job of the futre of course will be property manager


Vincent Wolf
February 20, 201 Sadly within 3 years it will shrink to half what they are today. That`s thanks to Obamanomics which is unsustainable and will create the next Great Depression. Obama is the most dangerous person in the world today and future generations will consider him the worst President in US history because he put his ego first and the nation last.


Jake Reyna
February 20, 201 @Vincent Wolf Where do you get your reality? Did it start on January 19, 2009? Do you realize that fiscal conservatives, Reagan, Bush and Bush added $9.5 Trillion to the public debt. Bush started two unfunded wars, an unfunded entitlement program, Medicare Part D, bailed out banks, TARP.

2Larry RileyTony Wesley
Chris Williams
February 21, 201 @Jake Reyna Bush actually let Congress vote on Afghanistan and Iraq II. But that`s besides the point. Shall I list all the Democrats that voted for both of those wars. And to suggest we would have invaded Afghanistan without 9/11 is as naive as to think Bin Laden was done after the USS Cole bombing.

1Norman Smith
Jake Reyna
February 21, 201 @Chris Williams Since when is Congress, Commander-in-Chief? You`re thinking McCain and Graham. Congress funds wars, Presidents go to war.


Chris Williams
February 21, 201 @Jake Reyna@Chris WilliamsFor the United States, Article One, Section Eight of the Constitution says "Congress shall have power to ... declare War". en.wikipedia.org/wiki/Authorization_for_Use_of_Military_Force_Against_Terrorists House 498 Aye, 1 Nay, 10 didn`t vote Senate 98 Aye, 0 Nay, 2 voted present en.wikipedia.org/wiki/Authorization_for_Use_of_Military_Force_Against_Iraq_Resolution_of_2002 House 297 Aye, 133 Nay, 3 didn`t vote Senate 77 Aye, 23, Nay, 0 voted present

1Norman Smith
Norman Smith
February 21, 201 @Jake Reyna Dude. CiC is title in Executive branch, which receives permission from Legislative branch and executes/enforces laws. Unlike Odummer, trying to rule the country without permission from Congress via his "executive orders". That`s called dictatorship.

1Chris Williams
Frank Smith
February 20, 201 Many potential home buyers missed the bottom in prices and now interest rates are starting to rise too.

2Larry RileyNorman Smith
Geno Bronzi
February 20, 201 @Frank Smith Then you`ll have to explain why transaction prices are falling.


Bryan Harper
February 20, 201 You didn`t miss the bottom of anyting if you didn`t have a job.


M J Christian
February 20, 201 "Inventories should begin to pick up at the start of the spring selling season, Yun said, but that may not be enough to meet buyer demand."-----Joke!






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Home sales inch up in January as inventory shrinks

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