Sales of new U.S. homes tumble to record low
 

Northeast, sales dropped by 50% compared to year-earlier levels.

Yet the dow will probably end positive. Wall street is so disconnected from Mr. and Mrs. America. I have to wonder if any lessons were learned from the Great Recession of 2007.


http://www.marketwatch.com/story/sal...low-2011-03-23

They took the money and ran, again.

Yeah it's interesting, but why post it on GFY?

the majority of trading now is done by computers doing micro trades. thinking the stock market has anything to do with the real economy is silly old school thinking.

Many of the worlds top investors look for tips by gfy ballers. Warren Buffet has at least 2 nic's that I know of.

A big part of this is simply that there are so many existing houses on the market that can be had for cheap many people are buying them instead of building new.

Of course the shitting economy, high unemployment rate and that fact that many people who own their homes now and would like to sell it and move/buy or build a new place can't because they are upside down in the mortgage.

It is very much a buyer's market out there. A friend of mine just bought a house for $140K that four years ago sold to the previous owner for $250K.

ROI on long term RE investments suck. (That is putting it mildly.)
There will eventually be appreciation, eventually ...




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Funny shit but so true :1orglaugh:1orglaugh