 
     |
| The economy, is it good or bad. (Page 176/181) |
|
aceman
|
JAN 28, 08:43 PM
|
|
So we've seen two quarters without seeing negative growth? OUTSTANDING! You can talk recession all you want. We haven't seen it. And "experts" state that if we do see it, it'll be mild. Not Biblical, Steve.
Here's some food for thought from Andy Rooney. http://www.cbsnews.com/stor...ey/main3752292.shtml Good stuff there from someone who lived through the Great Depression.
New house sales taking a dump is alright with me! I have an existing home to sell.[This message has been edited by aceman (edited 01-28-2008).]
|
|
|
|
Phranc
|
JAN 28, 09:06 PM
|
|
| quote | Originally posted by 84Bill:
We're off to see the Wizard, The Wonderful Wizard of Oz. 
You'll find he is a whiz of a Wiz! If ever a Wiz! there was.
If ever oh ever a Wiz! there was The Wizard of Oz is one becoz,
Phranc says Becoz, becoz, becoz, becoz, becoz.
Becoz of the wonderful things he does. |
|
Don't mention my name retard we don't need your dumb ass taking down another thread.
Now maybe you can offer more then cartoons and stupid songs. Maybe you can actually refute my post. If not then shut up. No one needs you.
|
|
|
|
84Bill
|
JAN 28, 09:10 PM
|
|
| quote | Originally posted by Phranc:
Don't mention my name retard we don't need your dumb ass taking down another thread.
Now maybe you can offer more then cartoons and stupid songs. Maybe you can actually refute my post. If not then shut up. No one needs you. |
|
Damn.. he got me.  [This message has been edited by 84Bill (edited 01-28-2008).]
|
|
|
|
Phranc
|
JAN 28, 09:14 PM
|
|
| quote | Originally posted by 84Bill:
Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc
Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc
Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc Phranc
 |
|
Quoted so you can't go back and change it.
|
|
|
|
84Bill
|
JAN 28, 09:32 PM
|
|
| quote | Originally posted by Phranc:
Quoted so you can't go back and change it. |
|
Phranc 
|
|
|
|
Phranc
|
JAN 28, 09:35 PM
|
|
| quote | Originally posted by 84Bill:
Phranc |
|
Dig some more bill.
|
|
|
|
84Bill
|
JAN 28, 09:56 PM
|
|
| quote | Originally posted by Phranc:
Dig some more bill. |
|
|
|
|
|
84fiero123
|
JAN 28, 09:57 PM
|
|
The data on new homes followed earlier reports that sales of existing homes dropped 13 percent last year, the biggest decline since 1982, while construction of new homes and apartments fell by 24.8 percent, the largest drop since 1980.
Housing is slumping now after a five-year boom. Demand for both new and existing homes hit all-time highs for five straight years, ending in 2005, the peak of the boom. New home sales fell by 18.1 percent in 2006. The sales level last month is now down by 56.5 percent from the monthly peak hit in July 2005.
The 26.4 percent drop in sales for 2007 represented weakness in every part of the country except the Northeast, where sales posted a small 1.6 percent advance. Sales recorded declines of 32.2 percent in the West, 26.7 percent in the Midwest and 26.3 percent in the South.
------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.
|
|
|
|
Phranc
|
JAN 28, 09:59 PM
|
|
| quote | Originally posted by 84Bill:
|
|
Keep going bill. You start crap then keep going on. Then you will play the victim.
|
|
|
|
84Bill
|
JAN 28, 10:13 PM
|
|
Phranc 
New home sales: Biggest drop ever
Weak December sales caps 2007's record slide, with prices for the month off sharply from a year earlier.
NEW YORK (CNNMoney.com) -- New home sales posted the biggest drop on record in 2007, according to the government's latest look at the battered housing market, as a year that saw a meltdown in the mortgage market and a drop in home values ended with yet more signs of weakness.
December sales came in at an annual rate of 604,000, the Census Bureau report showed, down from 634,000 in November, which was also revised lower.
The reading was well below the consensus forecast of 645,000, according to economists surveyed by Briefing.com.
The weak December sales left full-year new home sales at 774,000, down 26 percent from the 1.05 million sales in 2006. That was the biggest drop since the government started tracking new home sales in 1963, surpassing the 23 percent decline posted in 1980.
------------------------------------------------------
Foreclosures spike - and will get much worse
Defaults are on the rise according to a new report, and the trend could last for years.
NEW YORK (CNNMoney.com) -- The risk of foreclosure is on a rapid rise nationally, and could last for years.
A report released Monday by First American Core Logic rates foreclosure risk for 381 metropolitan areas, and found that the risk of foreclosure has jumped 22 percent from January 2007, and 9 percent from three months ago.
The risk scores are calculated based on economic factors such as job growth or loss, as well as incidences of fraud and other risks. Home price trends are especially important.
"Before, it was all about the economy. Now, price drops are overcoming economic conditions [in driving up foreclosures]," said Mark Fleming, Core Logic's chief economist.
The Core Logic report speculated that foreclosure risks may get a lot worse, and stay that way for a long time.
In the wake of recent speculation that the United States economy may be entering a recession - or is already in one - the report stressed that defaults continued rising for almost 2 years after the end of the last recession in 2001.
Based on that history, Core Logic expects that foreclosure risk will continue to increase over the next 18 months, at least.
|
|
|
|