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  1. That’s not what the report says!

    April 27 (Bloomberg) — Home prices in 20 U.S. cities rose less than forecast in February from a year earlier, a sign a housing recovery will take time to develop.

    Less that forecast, will take time to recover.

    The S&P/Case-Shiller home-price index of property values in 20 cities increased 0.6 percent from February 2009, the first gain since December 2006, the group said today in New York. The median forecast of economists surveyed by Bloomberg News projected a 1.3 percent advance.

    Three years huh? The Homesucker credit had alot to do with it. I wonder in 3 months what the number gonna say?

    Home prices in February were 30 percent below the peak reached in July 2006, indicating the industry that helped trigger the worst recession since the 1930s will take years to recover lost ground. A pickup in employment is needed to help stem the damage from mounting foreclosures that are restraining further gains in property values.

    “The sharp drop in home prices has ended,” Michelle Meyer, a senior economist at Barclays Capital Inc. in New York, said before the report.

    Michelle you jumped the gun!!

    “We believe that prices are bouncing around the bottom and see little upside potential over the next few years.

    Or decade..

    There is an alarmingly large foreclosure pipeline.”

    Oh yeah baby, yeah!

    Someone’s acting like a 4 year old over there>>>>>

    and I had to take care of it..

    The What

    Someday this war is gonna end..

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