Home Equity Sinks to Nearly Lowest Point Since WW2

[decoy409]

Home prices drop into double-dip territory
S&P/Case-Shiller index shows market still bogged down by inventory, weak demand

(source MSN)

I love it when exposure comes through. Why some here in defense still of no such thing is going on?

Like I said,have a steak instead of a burger!



And they call this 'BREAKING NEWS!'

Really?

www.msnbc.msn.com/id/43222187

[decoy409]

Now why in the world would a only a few here continue the dispute as to 'it's just not so'

Easy answer!

Let me add the onslaught trail with a GREAT time line from recent,

Real Estate - Shadow Inventory And The Elusive Recovery
Posted on May 23, 2011
The housing (and economic) recovery have become as elusive as the mythical and highly sought after unicorn. Unfortunately, unicorns, much like this recovery, do not exist. In the latest from the world of the surreal, the New York Times is reporting, gAs Lenders Hold Homes / Continue reading ¨

April Existing Home Sales Weaker Than Expected
Posted on May 20, 2011
About two months ago I wrote a post that the Spring/peak housing season was about to go out with a whimper. Well, here we are, in the thick of the peak housing season and the existing home sales market is on / Continue reading ¨

New Home Market Has Hit The Mat, And Itfs Not Getting Back Up
Posted on May 18, 2011
The new home market appears that it may be down for the count. The Census Bureau announced yesterday that seasonally adjusted building permits came in at 551,000, this is down 4% from the previous month and 12.8% from last year. / Continue reading ¨

The Unintended Consequences Of Government Intervention
Posted on May 14, 2011
This is one of the better videos that I have seen detailing the demise of the American standard of living over the past several decades. From housing, to healthcare, to education, and now ultimately to food and fuel, the private federal / Continue reading ¨

Mortgage Rates Hit 2011 Low As Home Values Rot
Posted on May 12, 2011
The mortgage bankers association announced yesterday that mortgage rates fell for the fourth consecutive week and are now at their lowest point since December of 2010 with the 30-year fixed rate mortgage sitting at 4.67%. Not surprisingly, as mortgage rates / Continue reading ¨

Pending Home Sales And The State Of The Housing Market
Posted on April 29, 2011
The NAR announced that their pending home sales index in March fell 11.4% year over year despite a 5.1% month over month increase to 94.1. For those that are keeping score, here is the scorecard for the housing market: According / Continue reading ¨

Case-Shiller: 8th Straight Month Of Home Price Declines
Posted on April 26, 2011
The S&P Case-Shiller home price index was released today and revealed that for the 8th straight month home prices have deteriorated. This supports the NARfs existing home sales report which shows four straight months of declines with each month posting / Continue reading ¨

March New Home Sales Off Of All-Time Low
Posted on April 25, 2011
The census bureau announced today that the March new home sales which represents contracts signed, not closed, rose 11.1% month over month to a seasonally adjusted annual rate of 300,000. However, the data represents a 21.9% decline year over year / Continue reading ¨

The Tide Has Vanished
Posted on April 23, 2011
With gold eclipsing $1,500 an ounce, silver going full steam ahead towards $50, and oil at over $112 a barrel, something doesnft quite feel right. Itfs tough for a lot of people to put a finger on it, in fact / Continue reading ¨

The Truth Behind The March Existing Homes Sales Report
Posted on April 20, 2011
While Wall St. may be patting themselves on the back as NARfs existing home sales report beat expectations by 2% or 100K home sales, assuring everybody that a housing recovery is now imminent, the truth is, the data points to / Continue reading http://goldsilverrealestate.com/?cat=7

[decoy409]

So where are the little burgers that were just stating last week how wrong my information was?

[decoy409]

And where are the defenders from last week and in weeks months gone by that have been filling the misinformation as to the housing market ?

Think the housing is bad? Things as reported as to Commerclal are being held back as they grow and grow out of control with vaccancy.
Of course (as we have reported) the old Magic credit in the Credit card dept. is ready to go but that one is being heated a tad longer much like the commercial property.
And those darn derivatives backed in full by fiat.

My oh my the recipie is really smelling from the oven.

[jarhead1976]

Afternoon decoy, we have discussed this for some time now. The banks are letting people stay in their homes without making payments keeping the numbers even lower. It will soon be much worse.

[decoy409]

Try what was 4 million residential ready to hit and in that short of drop zone time (as reported),compounded by about almost 200,000 more on top of that.

[decoy409]

These puppets are fun to play with on this board. Why they are entertaining!

They shut out some lines and then they go back into the box. Their writers need to come up with some better lines for them as the crowd is bored with the same old same old lines coming out of them.


When confronted they can't answer to the referenced material as their puppet lines do not allow them to do so.

[decoy409]

We need for the puppets to come forth and fill us with some more great laughs(like last week as to the housing market)! They are entertaining!

[decoy409]

I want to laugh some more like last week and weeks before. Where are those puppets to defend the big turn around in the housing?

[Aman A.K.A. Ahamburger]

HAHAHA :oHAHAHAH :oHAHAHAH :oAHAHAHAH

[decoy409]

hey look,burger puppet came to make us laugh!

Great job burger puppet!
Last week burger puppet shared with us how the housing market was on fire and doing great! When prompted with reports timelined burger puppet ran for cover and said he was discussing Canadian housing.
Well old Decoy threw the Canadian housing report at the burger puppet and that the thread had to do with US housing. But burger puppet tried to do a flip and his strings got tangled up.

Now yesterdays conformation once again and burger puppet has NO DEFENSE like the rest of the puppets.
But none the less the 'Punch and Judy Show' by the puppets is entertaining!

[decoy409]

Did you catch the latest on the extras now coming in? Why that with millions simply walking away,and fiat cake covering the tab to give it that 'things are looking up!',and of course the 'Punch and Judy Show' wood heads entertaining,why this could not be more entertaining!

[decoy409]

[Aman A.K.A. Ahamburger]

I luv it! Even after I explain the comparison, you still don’t get it. You absolutely refuse to listen. My original quote..
_____________________________________________________
Re: Discussion on the possible 2011 housing bottom
« Reply #231 on May 25, 2011, 1:04am »

Well the weather improves as sales have followed. 7.3% increase in new home sales was a big surprise to lots , second month of gains, new home sales still are above last years lows, the lowest on record.

A little interest rate hike fear at this point would start making things interesting.

___________________________________________________

The weather comment was reference to what usawon was saying about the bad weather. The NAR reported the 7.3% increase, not me, and this was a surprise to ME. The intrest rate hike comment was a joke.

The CDN housing market.. sure. Up 8% y-o-y because of homes in Vancouver, which is exactly what I was trying to explain to you. Then there is the 37.5% increand in farm income in Sask. This..

Mining industry expects labour shortage
www.thestarphoenix.com/business/Mining+industry+expects+labour+shortage/4871820/story.html

Saskatchewan's mining industry is facing a major labour crunch in the next 10 years, when it will have to find 15,000 to 20,000 new workers while gearing up for the biggest boom in its history, a Saskatchewan Mining Week breakfast was told Tuesday.

Trillions predicted in oilsands spending
www.edmontonjournal.com/business/energy/Trillions+predicted+oilsands+spending/4791879/story.html

Alberta and Saskatchewan cities expected to lead growth
journalofcommerce.com/article/id44416

CDN GDP hit 4% this 1/4 and most provinces are expected to grow at 3.5% or better this year.

Remember we have 32 million people in Canada, and TRILLIONS of dollars in resources.

Oh and check out the new economic cooperation story, Howdy nebour ..

Where do you think that these tens of thousands of workers can come from?.. Just wait until the north opens up.. We will need hundreds of thousands of people in Canada to work. Fly in, 2 week hitch, fly home. 150k a year.

Remember the WCC..

[decoy409]

Blaaa,Blaa,Blaa. Come on puppet,ask for some new lines!

[lifewasgood]

Well Well Well, the housing market is doing Well, oooppps, wait a, what, it can't be! Double Dip, did anyone know? was it predicted? was it expected? What the hell is going on here, wasn't QE2 suppose to send capital to banks to make loans to stimulate the housing market? No housing recovery! No Job recovery, higher prices at the pump and grocery markets, Hmmm consumer confidence down? Wonder Why?

Wake Up America!

[lifewasgood]

Weak jobs picture slams stocks
money.msn.com/market-news/post.aspx?post=40281699-d8fa-46dc-b2e3-27051ba34102

Is the Stock bubble ready to burst?

[decoy409]

life,a stock BUBBLE? Why no such thing. After all this is all NATURAL the old ws baby bottle. Old fti best get out to his pack and tell the others as well all this great NEWS.

life,As discussed,I said willard would jump ship and after all the huffing and puffing and how all of this is NATURAL and the old insider calls just could not be,that oh yes they are. And I also predicted the scurry away into the hole prior to days as today and those that are up and coming to follow.
Now that is not funny.

Heck man,you have to take the good with the bad and report,report to keep your status quo. However somebody failed to do that.

[Aman A.K.A. Ahamburger]

Jun 1, 2011 13:05:36 GMT -5 decoy409 said:

Blaaa,Blaa,Blaa. Come on puppet,ask for some new lines!

That's what I thought!

Jun 1, 2011 14:49:26 GMT -5 @lifewasgood said:

Well Well Well, the housing market is doing Well, oooppps, wait a, what, it can't be! Double Dip, did anyone know? was it predicted? was it expected? What the hell is going on here, wasn't QE2 suppose to send capital to banks to make loans to stimulate the housing market? No housing recovery! No Job recovery, higher prices at the pump and grocery markets, Hmmm consumer confidence down? Wonder Why?

Wake Up America!

Really? I think you might want to wake yourself up. You seriously can't think of a reason from March for a slowdown now? Wow.

[decoy409]

puppet boy,thanks for the view counts! Your the greatest!

[lifewasgood]

hamburger

Home prices hit new bottom
Values fall to their lowest mark since the crash began. It's officially a double-dip housing recession.
money.msn.com/home-loans/article.aspx?post=10b4dc42-6636-405e-84bb-f36aaf405de1

Maybe you should wake up and smell the coffee, which by the way is really showing the inflation going on! Housing crashing again and commodities inflating. Wow talk about squeezing the little guys.

[decoy409]

life, nice summary.

[Aman A.K.A. Ahamburger]

LOL, Life, if you actually read what I type then you would know I have said 1,000 times that avg prices aren't going to be a good gauge on the health of the housing maket for a while considering the amount of fourclouresrs. I tried to make the comparion using the CDN market, but that fly right over head.

Inflation, okay, how about if there was no QE2, would there be inflation right now? Lets all forget about the 80% discounts at retalers all of last year, ya, and lets forget that all you clowns were talking bout the next great depression coming at the end of 2010, remeber the death march?

Lets also forget that only two or three pople were talking about long term inflation, because of rising wages, shipping and democracy in third world countries. Lets all forget that I was saying to kman last year that in 5 yrs he was going to see a big difference, and now a think tank in Boston has put 2015 as the date of the turing point for overall cost difference in production between China and the US.

I could go on, and the people that I talk with know that, but I got better things to do.

Re-regulate, re-shore. WE WIN!

[decoy409]

Still trying to get it in your head that housing is a wash hey?

[lifewasgood]

Re-regulate, re-shore. WE WIN!

That would take political intestinal fortitude. Not much of that available in Washington.

Dream on

[decoy409]

life,that last icon you left is exactly what I was thinking of doing everytime the puppets bore me some more. You can only watch so much 'Punch & Judy' and then it just does not have the effect it once did,as the same old same old rerun of their skits bores one to sleep.

[decoy409]

And it's almost time to play that award winning game........!

CONSUMER CONFIDENCE!

[decoy409]

I would say that this qualifies for the old so called Ho,me Sales,Consumer Confidence and what's up all in one.

June 13,2011 Home Equity Sinks to Nearly Lowest Point Since World War II

abcnews.go.com/Business/home-equity-sinks-lowest-point-world-war-ii/story?id=13807274

Oh that easy credit of borrowing.

[decoy409]

Net worth hey??

Housing plays a big and valid role in Gdp for us. Best start looking at the so called Net Worth.

[decoy409]

Here it is,this is the prize for the consumers and MAGIC has happened and fixed this,right?