Guest Posted August 24, 2004 Report Share Posted August 24, 2004 CNBS briefly mentioned existing home sales down 2.9% Nothing to see here...move along. Link to comment Share on other sites More sharing options...
seamus Posted August 24, 2004 Report Share Posted August 24, 2004 Home resales 6.72mm, missed estimates and down from last month Link to comment Share on other sites More sharing options...
soup Posted August 24, 2004 Report Share Posted August 24, 2004 LLD: Yes it is a cesspool. I guess the stakes are at all time high. Save housing at all costs. can they pull it off? Link to comment Share on other sites More sharing options...
soup Posted August 24, 2004 Report Share Posted August 24, 2004 So we have record new starts and sales are starting to taper off. Throw in the huge bubble, and well, I smell a major problem. Link to comment Share on other sites More sharing options...
Guest Posted August 24, 2004 Report Share Posted August 24, 2004 July Existing-Home Sales Off Slightly from Record, Says NAR 8/24/2004 10:00:00 AM To: National Desk, Real Estate Reporter Contact: Walter Molony, 202-383-1177 or [email protected], Lucien Salvant, 202-383-1176 or [email protected], both of the National Association of Realtors ® WASHINGTON, Aug. 24 /U.S. Newswire/ -- Existing single-family home sales slipped in July but still managed the third-best pace on record, according to the National Association of Realtors®. Existing-home sales declined 2.9 percent to a seasonally adjusted annual rate (see NOTE) of 6.72 million units in July from a record pace of 6.92 million units in June; last month's sales activity was 8.6 percent above the 6.19-million unit pace in July 2003. The second-highest sales rate was in May of this year. David Lereah, NAR's chief economist, said changes at this volume of sales are relative. "Prior to this year, the July sales pace would have been a real eye-popper," he said. "The fact is -- it remains so. The present level of home sales activity is considerably above last year's record, and the new benchmark we'll set in 2004 is a significant contributor to overall U.S. economic growth." http://releases.usnewswire.com/GetRelease.asp?id=35093 Link to comment Share on other sites More sharing options...
soup Posted August 24, 2004 Report Share Posted August 24, 2004 Will folks ever wake up? Can the govt/fed really backstop all assets? Link to comment Share on other sites More sharing options...
soup Posted August 24, 2004 Report Share Posted August 24, 2004 Are there really any lower forms of life than the natl assn of realtors? Link to comment Share on other sites More sharing options...
Lock Limit Down Posted August 24, 2004 Report Share Posted August 24, 2004 Diesel hit all time highs this morning They have been all over the decline in crude this morning. Less then 2 months ago crude was at 36..Now 45.75 for a 30% INCREASE but such comparisons are lost in the big picture. Such brilliant media propaganda. Option ex on silver on Friday could explain the beating they are laying on the metal. These jerks never lose. Link to comment Share on other sites More sharing options...
soup Posted August 24, 2004 Report Share Posted August 24, 2004 So it is all releative now? Yeah bullshit, bubbles must expand or they deflate. Has there ever been such a time of so much disinformation? So much brainwashing? Wake up folks and think independently. Link to comment Share on other sites More sharing options...
brian4 Posted August 24, 2004 Report Share Posted August 24, 2004 Yesterdays swing high was 1101.40 and it held, everything is on track-we have had the goodbye kiss! Link to comment Share on other sites More sharing options...
jstrack Posted August 24, 2004 Report Share Posted August 24, 2004 Do you think existing housing sales may signal future problems for home builders? I don't know, but with record high building starts and permits, they could be left hanging. should today's decline be the beginning of a trend.... Of course its too early to know.... Link to comment Share on other sites More sharing options...
zensmoke Posted August 24, 2004 Report Share Posted August 24, 2004 *DJ Fed Accepts $6.50 Billion Overnight System RP's Link to comment Share on other sites More sharing options...
brian4 Posted August 24, 2004 Report Share Posted August 24, 2004 Chiron is really pissed this morning-look out below! Link to comment Share on other sites More sharing options...
soup Posted August 24, 2004 Report Share Posted August 24, 2004 Jstrack: That is Exactly my thinking. So it will be at best early at worst totally wrong. Link to comment Share on other sites More sharing options...
Hiding Bear Posted August 24, 2004 Author Report Share Posted August 24, 2004 *DJ Fed Accepts $6.50 Billion Overnight System RP's Tanks. The Fed took out $1.75B in repos after adding $5.25 yesterday. Ignoring day to day movements, the Fed is still sticking to the upper range of its probable monetary base growth target - or in other words it is worried but not real worried yet. Link to comment Share on other sites More sharing options...
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