Tag Archives: U.S. Housing Market

Existing home sales up but price outlook grim

This statistic of home sales going up is skewed. Home sales are going up because people with jobs and some sort of savings (especially people from abroad) are buying foreclosed properties cheap. But this is not the sign of an … Continue reading

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Home sales dive, prices near 9-year low

I hope that home sales continue diving, home prices continue to plummet and that home owners who are upside down on their loans continue abandoning their properties. If these things happen, the crooked banks, which are backed by our crooked … Continue reading

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US homes lost to foreclosure up 25 pct on year

The Obama administration’s Making Home Affordable program is worthless as far as I’m concerned. And did I mention that Chase is the absolute worst bank in the industry? This is all about big business, and big business is not about … Continue reading

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Home sales plunge 27 pct. to lowest in 15 years

Anyone who says the economy is on the upswing is full of it. Contrary to what I previously believed, it would appear that the economy will remain in the toilet for quite some time. And all this talk about the … Continue reading

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