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alstry (34.92)

ANOTHER RECORD LOW MONTH FOR NEW HOME SALES

Recs

11

April 13, 2011 – Comments (8)

http://www.calculatedriskblog.com/2011/04/dataquick-socal-home-sales-still-slow.html

Anyone think the Gardner Bros are up for a public debate on What is Money and whether one can actually "invest" in a period of time when government is essentially counterfeiting money?

8 Comments – Post Your Own

#1) On April 14, 2011 at 1:20 AM, awallejr (85.54) wrote:

Glass half empty or half full?

That was UP 35.1 percent from 14,369 in February

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#2) On April 14, 2011 at 8:04 AM, alstry (34.92) wrote:

Please stop drinking from the glass before you comment.

NEW home sales is what is addressed in this blog.....

It appears the glass is now empty.

May I suggest you find another glass.

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#3) On April 14, 2011 at 11:29 AM, OneLegged (< 20) wrote:

What "alstry" said repeatedly a few years ago about debt needing to be purged from the system still stands.  Until that happens there will be no recovery.  Spending borrowed money to show higher GDP does not a recovery make in my book.  With no recovery comes no jobs with no jobs comes no increase in home sales.  Econonomic physics. +1

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#4) On April 14, 2011 at 3:00 PM, awallejr (85.54) wrote:

"A total of 19,412 NEW and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in March. That was UP 35.1 percent from 14,369 in February . . ."

Keep cherry picking. 

 

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#5) On April 14, 2011 at 5:01 PM, alstry (34.92) wrote:

My blog is about NEW homes....

why do you want to highlight Foreclosures?....which is included in resale homes and make up the majority of resales....We all know foreclosures are very high.

It appears the glass is now empty and you are fully gone.

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#6) On April 14, 2011 at 10:15 PM, awallejr (85.54) wrote:

You really that blind?  The quote is also referring to new homes.  It's you who presumes those are mostly foreclosures.

My bad for wasting my time with you.

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#7) On April 14, 2011 at 10:42 PM, alstry (34.92) wrote:

I know...but if you keep reading.....you will realize that approximately only 5% of the homes were NEW and the rest were resales which were mostly foreclosures.

Sales of newly built Southland homes totaled 1,144, the lowest March in DataQuick’s statistics

Never take a quote without understanding the full context

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#8) On April 15, 2011 at 3:58 PM, awallejr (85.54) wrote:

You might want to take your own advice.  Forclosure sales were 36.4% of the resales and short sales were 18.5%; both DOWN percentagewise from February and from a year ago.  And you are seeing more absentee owners/investors buying which is telling you that houses are hitting prices  hard for those with the financial ability to pass up.  Smart money is buying low.

So what I said is a positive take on that link.  But not you. You just felt it important to start a blog shouting how the sky is still falling.

No different an argument than we had back in 2009.

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