Jan. Existing Home Sales: +4.3% to 4.57M vs. 4.69M expected, 4.38M (revised) prior. Total...


Jan. Existing Home Sales: +4.3% to 4.57M vs. 4.69M expected, 4.38M (revised) prior. Total housing inventory fell 0.4% to 2.31M existing homes for sale, representing a 6.1-month supply.
Comments (9)
  • Jason Tillberg
    , contributor
    Comments (1328) | Send Message
     
    All that inflation tax to bring rates down to stimulate the housing market and this is all we get??
    22 Feb 2012, 10:12 AM Reply Like
  • American in Paris
    , contributor
    Comments (5495) | Send Message
     
    Jason,

     

    What do you want? We just came out of the huge balance sheet recession that almost brought the global financial system.

     

    The figures today were the best performance in five years.
    22 Feb 2012, 02:23 PM Reply Like
  • torahislife
    , contributor
    Comments (400) | Send Message
     
    Gee - last month's revised numbers were lowered, but today's fake numbers make me feel good. Must buy more equities. Must vote for Obama.
    22 Feb 2012, 11:23 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    So the big celebration last month of the real estate and housing recovery turns out to be a fizzle? Kinda like the celebration of Christmas shopping 2011 as the biggest in the history of the universe and that turned out to be a bummer as well. Speaking of which, wonder what first time claims will be tomorrow? Might be prudent to buy mini S&P at 7:29 in preparation for the 'surprise' drop.
    22 Feb 2012, 11:40 AM Reply Like
  • The_Hammer
    , contributor
    Comments (5093) | Send Message
     
    Total housjng inventory is a farce. So many homes sitting in pre-foreclosure not to be foreclosed on for years. The re system is a fraud.
    22 Feb 2012, 11:40 AM Reply Like
  • kcr357
    , contributor
    Comments (605) | Send Message
     
    Same with tax deed sales; 22 months before the deed buyer can force the home into auction where I live, and nothing gives me the impression it's coming to an end. Plenty of homes still waiting to come to market.
    22 Feb 2012, 12:35 PM Reply Like
  • Bozerdog
    , contributor
    Comments (463) | Send Message
     
    Policy makers have done their best in regards to the housing market. Way to many homes still vacant. The best we can hope for is stabilization....growth is at least a decade away.
    22 Feb 2012, 02:14 PM Reply Like
  • chomerics
    , contributor
    Comments (4) | Send Message
     
    It always amazes me, the amount of blind political comments strewn into financial analysis, but irony is all over this board so I will add a bit of my own. People can have their own opinions, but they are not entitled to their own facts. DJI was at 6500 20 days after he (Obama) took office, it is now approaching 13000. If my Calculus teacher was right, that is a 100% increase in stocks since then. I'll take that track record any day of the year.

     

    In housing, Bozer has it right, maybe a decade or so before it takes off again. Just look at the history of housing for the answer. It wasn't until 2000+ the housing market took off after a decade in the 90's of stagnation, coming after an 80's boom.
    22 Feb 2012, 05:15 PM Reply Like
  • The_Hammer
    , contributor
    Comments (5093) | Send Message
     
    <<DJI was at 6500 20 days after he (Obama) took office, it is now approaching 13000. If my Calculus teacher was right, that is a 100% increase in stocks since then. I'll take that track record any day of the year.>>

     

    What about the record of adding 4-5 Triillion in debts?

     

    What about MF Global?

     

    What about 3.5% FHA loans continuing to this day?

     

    What about NO Arrests for damn anything?

     

    The guy is one big phoney. He was preachig to bush the big spender about racking up debts and hurting future genrations but this Record setting spender can't do enough for his RICH buddies to bail them out.
    Pathetic.
    You can quote me: If Ron Paul does not win the Presidency prepare for USA disaster. Even if he wins it will be pretty tough.

     

    As for housing market it is totally manipulated by the corrupt policies of US govt and the RE complex which has no credibility whatsoever. The NAR specifically and the banksters.
    22 Feb 2012, 07:10 PM Reply Like
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