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veni vidi vici

veni vidi vici

Active Member
Originally Posted by sickboy
http:///forum/post/2998957
I'm not doubting that it is dead there, I'm just saying not everywhere is the same. You gave the reason why it is dead now:
If it was part of the bubble and not normal growth then of course its going to be dead for a while. The bubble built homes are probably still on the market and selling at a discount, right? Until the supply is reduced it will probably continue to be dead, which is why the report today saying that inventories were back down to 2002 levels gave people hope that it is almost over.
I dont know of the actual numbers sickboy.I do see a awful lot of homes up for sale though.Im pretty sure i live amongst a large number of familys that over extended though.My brother and sister in-law had their house on the market,it sold and then the bank reneged because they said they weren't sure if the home was worth the asking price anymore.It ended up selling but the couple buying the home had to go through another bank to get the loan.
 
darthtang aw

darthtang aw

Active Member
Originally Posted by sickboy
http:///forum/post/2998870
"Data Wednesday showed new-home sales climbed for the first time in seven months in February"
http://online.wsj.com/article/SB123797853885236803.html
I missed that story. Did some digging and it looks like new home sales were up a little over 4%. while existing homes were up a little over 5%, with 42% being foreclosed homes. another 25% being short sales.....this was the news I was going off of.
I stand corrected.
 
sickboy

sickboy

Active Member
Originally Posted by AquaKnight
http:///forum/post/2999031
I'll fire this one off, where's all the discussion about Obama, bowling, and the special olympics?

Who care?

The "head" of the special olympics said he knew before the show aired and the best bowler is really good and bragged that he could beat Obama.... Mr. Prez made an --- out of himself and thats about it.
 
sickboy

sickboy

Active Member
Originally Posted by stdreb27
http:///forum/post/2999035
huh? Where is there 42% of homes in forclosure. Maybe I'm just sleepy and not reading it...
I was basically just going off of Darth's post. I didn't actually read anything about it, I just read the wsj article earlier at work.
 
darthtang aw

darthtang aw

Active Member
Originally Posted by sickboy
http:///forum/post/2999029
It sucks that 42% of the existing homes were foreclosures....never a good sign...

42% of the total homes sold were foreclosures, not 42% of homes on the market were foreclosures.....significant difference...If I remember right, nationally is around 2-4% of homes are foreclosures total....with 53% of the foreclosed homes being in 4 states.
 
sickboy

sickboy

Active Member
Originally Posted by Darthtang AW
http:///forum/post/2999044
42% of the total homes sold were foreclosures, not 42% of homes on the market were foreclosures.....significant difference...If I remember right, nationally is around 2-4% of homes are foreclosures total....with 53% of the foreclosed homes being in 4 states.
Let me guess those four- California, Michigan, Arizona, & Mass.?
Edit- I probably should have said Florida in there instead of either Arizona or Mass. but I didn't.
 
stdreb27

stdreb27

Active Member
Originally Posted by Darthtang AW
http:///forum/post/2999044
42% of the total homes sold were foreclosures, not 42% of homes on the market were foreclosures.....significant difference...If I remember right, nationally is around 2-4% of homes are foreclosures total....with 53% of the foreclosed homes being in 4 states.
I see 42% of home sold were foreclosures. Now I see.
Originally Posted by sickboy
http:///forum/post/2999039
I was basically just going off of Darth's post. I didn't actually read anything about it, I just read the wsj article earlier at work.
yeah, I picked that up. Just wasn't sure.
 
darthtang aw

darthtang aw

Active Member
Nevada, Arizona, Florida, and California..not in that order......
Michigan is in there as well....but doesn't have the population of these states...
 
darthtang aw

darthtang aw

Active Member
The rate of foreclosures has slown down dramatically though since the start of February, I think we have hit the bottom of the housing bubble (atleast as far as foreclosure rates are concerned.).
 
veni vidi vici

veni vidi vici

Active Member
Originally Posted by Darthtang AW
http:///forum/post/2999062
The rate of foreclosures has slown down dramatically though since the start of February, I think we have hit the bottom of the housing bubble (atleast as far as foreclosure rates are concerned.).
That is if the unemployment rate slows as well.
 
veni vidi vici

veni vidi vici

Active Member
This is not acceptable in a our Capitalist system.
People better start to wake the Frick up and start paying attention.
* Imposing tougher standards on financial institutions judged to be so big that their failure would represent a risk to the entire system.
* Extending federal regulations for the first time to all trading in financial derivatives, exotic financial instruments such as credit default swaps that were blamed for much of the damage in the meltdown.
* Requiring hedge funds and other private pools of capital, including private equity funds and venture capital funds, to register with the Securities and Exchange Commission if their assets exceed a certain size. The threshold amount has yet to be determined.
* Creating a systemic risk regulator to monitor the biggest institutions. Geithner did not designate where such authority should reside, but the administration is expected to support awarding this power to the Federal Reserve.
http://www.msnbc.msn.com/id/29892211/
 
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