New Home Sales (27)
Zeelander: so, what is it compared to last year? Did the $8000 incentive help in home sales for first time buyers? What will it be like next year?
I heard today that many economists claim the recession is over. Does this mean we can give back all the 90% of unused stimulus money to the Chinese?
It really is a step in the right direction on paper, but are the numbers being propped up by tax dollars?
Last year New Home Sales for June was 530,000. Like sparky said, we got a long way to go.I heard today that many economists claim the recession is over. Does this mean we can give back all the 90% of unused stimulus money to the Chinese?
It really is a step in the right direction on paper, but are the numbers being propped up by tax dollars?
I sorta doubt the $8,000 had much effect on the numbers by first time buyers because they don't usually buy new homes rather they buy existing homes. The figures for existing home sales were:
Jul 23 10:00 Existing Home Sales Jun 4.89M
concensus 4.85M
prior 4.72M
Also a good improvement of 170,000 units increase over May.
Don't worry, when this economy gets back to normal you can trust the FED to raise interest rates back up which will remove all the freshly printed dollars they've been pumping into the economy.
------ This thread is Archived ------
ooby_dooby: Last year New Home Sales for June was 530,000. Like sparky said, we got a long way to go.
I sorta doubt the $8,000 had much effect on the numbers by first time buyers because they don't usually buy new homes rather they buy existing homes. The figures for existing home sales were:
Jul 23 10:00 Existing Home Sales Jun 4.89M
concensus 4.85M
prior 4.72M
Also a good improvement of 170,000 units increase over May.
Don't worry, when this economy gets back to normal you can trust the FED to raise interest rates back up which will remove all the freshly printed dollars they've been pumping into the economy.
I sorta doubt the $8,000 had much effect on the numbers by first time buyers because they don't usually buy new homes rather they buy existing homes. The figures for existing home sales were:
Jul 23 10:00 Existing Home Sales Jun 4.89M
concensus 4.85M
prior 4.72M
Also a good improvement of 170,000 units increase over May.
Don't worry, when this economy gets back to normal you can trust the FED to raise interest rates back up which will remove all the freshly printed dollars they've been pumping into the economy.
It really depends on the market. My first home was built because it was thousands of dollars cheaper to build as opposed to buying an existing home. Most first time buyer never look at building because they think it is way too expensive.
It does depend on the market.
------ This thread is Archived ------
ooby_dooby: Last year New Home Sales for June was 530,000. Like sparky said, we got a long way to go.
I sorta doubt the $8,000 had much effect on the numbers by first time buyers because they don't usually buy new homes rather they buy existing homes. The figures for existing home sales were:
Jul 23 10:00 Existing Home Sales Jun 4.89M
concensus 4.85M
prior 4.72M
Also a good improvement of 170,000 units increase over May.
Don't worry, when this economy gets back to normal you can trust the FED to raise interest rates back up which will remove all the freshly printed dollars they've been pumping into the economy.
I sorta doubt the $8,000 had much effect on the numbers by first time buyers because they don't usually buy new homes rather they buy existing homes. The figures for existing home sales were:
Jul 23 10:00 Existing Home Sales Jun 4.89M
concensus 4.85M
prior 4.72M
Also a good improvement of 170,000 units increase over May.
Don't worry, when this economy gets back to normal you can trust the FED to raise interest rates back up which will remove all the freshly printed dollars they've been pumping into the economy.
This is good news. Thank you for posting it.
------ This thread is Archived ------
Here in down town St. Petersburg the condos sold out new at very high price but then dropped below the mortgage cost and started to sell real cheap at a loss to the homeowner... Old homes have always sold cheap though... Or should they???
------ This thread is Archived ------
cameraman: Here in down town St. Petersburg the condos sold out new at very high price but then dropped below the mortgage cost and started to sell real cheap at a loss to the homeowner... Old homes have always sold cheap though... Or should they???
You're banned from this thread because you can't make up your mind. 
------ This thread is Archived ------
ooby_dooby: You're banned from this thread because you can't make up your mind.
I started questioning everything I said on CS and I am beginning to do this in the real world... So far most in the real world are cool with it while most on CS are not... Or should they???------ This thread is Archived ------
This Thread is Archived
This Thread is archived, so you will no longer be able to post to it. Threads get archived automatically when they are older than 3 months.
« Go back to All Threads
« Go back to All Threads
More Threads
1830's Music
How far is too far?
Common Issues with the BMW X1
Reality Check
Nature
Salami, Salami, Baloney
Icebergs Still Around
everything is changing
rarotonga
Don Shits-In-Pants!!!
More Threads
Report threads that break rules, are offensive, or contain fighting. Staff may not be aware of the forum abuse, and cannot do anything about it unless you tell us about it. click to report forum abuse »
If one of the comments is offensive, please report the comment instead (there is a link in each comment to report it).
If one of the comments is offensive, please report the comment instead (there is a link in each comment to report it).
I peaked at a local home listing a few days ago.....prices were still falling here in C. FL.