Home Prices Up 3% in Second Quarter..

[Wedgebuster]

http://money.cnn.com/2009/07/27/real_es ... realestate

First quarterly gain in home prices in three years indicating that the housing industry has turned the corner.

[AZGrizFan]

You do realize that July ALSO had the largest number of "mass" layoffs (50 or more employees) EVER? Me thinks we haven't seen the bottom yet.

[Grizalltheway]

You do realize that July ALSO had the largest number of "mass" layoffs (50 or more employees) EVER? Me thinks we haven't seen the bottom yet.

Glass is always half empty when a donk is president, huh, Z?

[Wedgebuster]

I know, raising real estate prices is just another bummer sigh of impending disaster. Nobody has a job, nobody has any credit, nobody has any guns, and now the gub-ment is behind a scheme to raise real estate values to keep the non-whitey down.

More grim news, folks should move to Cuba.

[TheDancinMonarch]

... and now the gub-ment is behind a scheme to raise real estate values ....

Government loves rising real estate values. Did you ever hear of the property tax?

[Wedgebuster]

... and now the gub-ment is behind a scheme to raise real estate values ....

Government loves rising real estate values. Did you ever hear of the property tax?

Noobs.

[AZGrizFan]

You do realize that July ALSO had the largest number of "mass" layoffs (50 or more employees) EVER? Me thinks we haven't seen the bottom yet.

Glass is always half empty when a donk is president, huh, Z?

It has nothing to do with who's president. It has to do with being grounded in REALITY. Something you would know very little about. We could continue to bury our heads in the sand (like you) and pretend that it's all peaches and cream, or we could actually acknowledge that there are still massive issues out there that haven't been addressed or that are being CREATED by the actions of this administration.

Who am I kidding....you don't like facts in any way, shape or form...why should THIS topic be any different?

[Grizalltheway]

Glass is always half empty when a donk is president, huh, Z?

It has nothing to do with who's president. It has to do with being grounded in REALITY. Something you would know very little about. We could continue to bury our heads in the sand (like you) and pretend that it's all peaches and cream, or we could actually acknowledge that there are still massive issues out there that haven't been addressed or that are being CREATED by the actions of this administration.

Who am I kidding....you don't like facts in any way, shape or form...why should THIS topic be any different?

Let's hear 'em, Z. Don't forget to cite and annotate your sources.

[AZGrizFan]

It has nothing to do with who's president. It has to do with being grounded in REALITY. Something you would know very little about. We could continue to bury our heads in the sand (like you) and pretend that it's all peaches and cream, or we could actually acknowledge that there are still massive issues out there that haven't been addressed or that are being CREATED by the actions of this administration.

Who am I kidding....you don't like facts in any way, shape or form...why should THIS topic be any different?

Let's hear 'em, Z. Don't forget to cite and annotate your sources.

Here's a table showing mass layoff statistics since August 2005. The top 5 mass layoffs in both # of events and # of claimants occurred in the last 6 months. Most of the impact from THAT has yet to be felt by the housing industry.

http://www.bls.gov/news.release/mmls.t01.htm

Here's a graph of the U.S. unemployment rate, sitting @ 9.7% as of July 2009. Again, the 1.1% increase in the index since April 2009 has yet to be felt in the housing market:

http://www.google.com/publicdata?ds=usu ... statistics

I could go on and on, but I won't. You wouldn't get the picture even if I did.

One question: What happens when the (wait for it....) GOVERNMENT SUBSIDY ends at the end of the year? When there's no $8,000 "stimulus" to entice first-time buyers, what happens then?