Enjoy it while lasts—a rare piece of good economic news.
U.S. home sales registered their biggest monthly jump in nearly seven years in December, as cratering prices began to draw out more buyers and several major housing markets showed some signs of stabilizing.
The 6.5% rise in sales from November was attributed in part to strong sales of foreclosed homes. Economists say it is too early to suggest that broad improvement is at hand, though, and warned that the spring buying season is likely to be sluggish amid growing economic hardship.
These are Bush’s good housing numbers.
Other good news was this weekend on the CNN website. Economists say that IF (and it’s a big fucking IF) the market does not wander to far below 8000 points this week with all the nasty news that is due out by Friday: The market MAY have found it’s bottom floor. (Yes, that is a huge if right now)
But, IF the market has hit bottom that means we may finally start to see the CHANCE, slight as it maybe, of the market going up. And all you little budding economists know, the stock market is considered a leading indicator of what the economy will do several months down the road. (ie. if it starts to go up now that means there could be light at the end of this recession)
But again, it is a huge IF.
Sales numbers are meaningless without the context of sale price. Do you go out of your way to be stupid on finance Charles?
Let’s state the obvious: cheap homes are always, regardless of market, bought up.
And in this market, all homes are cheap! Get’em while they’re hot
What does it mean to “catch a falling knife”?
@5
The trend is your friend until it bends in the end.
5
To correctly pick the time when prices are at the lowest point they will hit and get into the market then.