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  • Sales of U.S. New Homes Fell in June After Record May Revision

    From bloomberg.com

    Fewer new U.S. homes were sold in June than forecast and May data showed the biggest downward revision on record, painting a picture of a housing market that is struggling to gain traction. Sales of newly built homes declined 8.1 percent to a 406,000 annualized pace, the fewest since March and less than any economist surveyed by Bloomberg forecast, Commerce Department figures showed today in Washington. That followed a May reading of 442,000 that was 12.3 percent lower than estimated last month. Restrictive lending rules, limited land supply, higher mortgage rates and more expensive properties are keeping a lid on ... (full story)

  •  Guest
  • | IP XX.XXX.69.199
home sales fall beyond imagination
  •  Guest
  • | IP XX.XXX.69.199
the lowest since feb
rest of peace
Follow price direction
but employment will dominate
  •  Guest
  • | IP XX.XX.229.123
it could be be beginning to the end of the stock bubble
The math is simple...

Housing Prices Rising + Stagnant Wages = Falling Home Sales
  •  Guest
  • | IP XX.XXX.69.163
USD is coming down again considering UK GDP tomorrow
Quoting Guest
home sales fall beyond imagination
so no overheating then...
Quoting tobinare
The math is simple...

Housing Prices Rising + Stagnant Wages = Falling Home Sales
Or

House prices rising - Falling real wages - Inflation = Falling Home Sales =House prices falling = Falling real wages - More inflation = Japan 1989
Buy low sell high. News don't matter at this point IMO. Dare I say, king dollar is back
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
Yet people think this recent home price rally is going to last

No no no no
Quoting Acroix70
Yet people think this recent home price rally is going to last

No no no no
Same in UK, a lot of people are going to be replacing illusory wealth with reality debt, Londons most successful estate agent Foxtons share price has been tanking for the last 3 months and all my buddies still left with property in London can't shift it, the Duke of Westminster has sold all his (and his family have been playing the game for 400 years, so a good bell weather guide)…… and all this pre rate hikes …. not good , at all
can all start tonight, bull may be bleeding
sp500 and others

what is right and sp500 will have to fall 560 points or more, and in short time.

if we see well, aircraft is to be slaughtered, and others do not know why that fall is war in Israel and Russia etc..
there is a plan in motion of the beast
Quoting Acroix70
Yet people think this recent home price rally is going to last

No no no no
Price rally has nothing to do with wages, it is an investor driven market. Prices are low, and capitalized investors buy low and sell high and collect rent in the meantime

In addition there is an inventory shortage on the market. Low supply = higher price

Once the majority of foreclosures were closed there wasn't much left.
Pride always comes before destruction.... -Proverbs 16:18
Quoting Expo33
Price rally has nothing to do with wages, it is an investor driven market. Prices are low, and capitalized investors buy low and sell high and collect rent in the meantime

In addition there is an inventory shortage on the market. Low supply = higher price

Once the majority of foreclosures were closed there wasn't much left.
Yea this real estate price rally has been speculation driven, just like in 2006

Real families buying houses aren't driving these prices up

Speculation driven could result in another bubble, another crash
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  •  Guest
  • | IP XX.XX.143.34
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  • Story Stats
  • Posted: Jul 24, 2014 10:01am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 15  /  Views: 5,204
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