Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
December home sales down nearly 17 percent - Yahoo! Finance (http://finance.yahoo.com/news/December-home-sales-down-apf-2729493334.html?x=0&.v=6 - broken link)
Quote:
WASHINGTON (AP) -- Sales of previously occupied homes took the largest monthly drop in more than 40 years last month, sinking more dramatically than expected after lawmakers gave buyers additional time to use a tax credit.
Wow. this is devastating news. So..far a year obama focused like a zealous nut on health care, instead of on jobs and the economy. If you don't have a job, you can't buy a home, if you don't have a job, how can you keep your home?
Bush's fault.
Give Obama a couple more decades to solve this.
We just need universal healthcare and this would be solved.
Teabaggers' fault.
The "party of no" stopped us from enacting real change.
And the analysists predict, things are going to get worse, Wow, so much hype about HOPE AND CHANGE, some are now reaching in there pockets! to find just that some CHANGE.
Home sales are always down in December. A drop like that at the end of the year isn't uncommon even for booming times if comparing to the month previous. How did this drop look compared to 2008, thats the question.
The reason it's the worst in forty years is because they have only kept records since 1968. Some estimates on CNBC this am, were estimating the worst since the depression. The median price last year was $173,500, down 12 percent from 2008, the biggest annual drop on record and probably the largest since the Great Depression, NAR chief economist Lawrence Yun said in a news conference.
I know, they purposely caused it go down so when it does go back up they can say "look what Obama did" he was able to help people buy homes.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
