Comments on: NAR: "Home Sales Probably Would Be Rising Except…" http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/ Sat, 11 Feb 2012 07:12:54 +0000 hourly 1 http://wordpress.org/?v= By: John M. http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7224 John M. Tue, 28 Aug 2007 02:52:58 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7224 Don't miss the video in this article, with Diana reporting Yun saying <em>"We're monitoring the situation closely ..."</em> <a href="http://www.cnbc.com/id/20462595" rel="nofollow">"July Housing Numbers: I Say Just Plain 'Bupkiss' "</a>, by Diana Olick, <em>CNBC</em>, August 27, 2007.<blockquote>... It was all August. So when I see the number of closings, i.e. sales, for August, September, really October, which will be based on homes people shook on in August, then I’ll have something to talk about.</blockquote> Don’t miss the video in this article, with Diana reporting Yun saying “We’re monitoring the situation closely …”

“July Housing Numbers: I Say Just Plain ‘Bupkiss’ “, by Diana Olick, CNBC, August 27, 2007.

… It was all August. So when I see the number of closings, i.e. sales, for August, September, really October, which will be based on homes people shook on in August, then I’ll have something to talk about.

]]> By: twist http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7223 twist Tue, 28 Aug 2007 02:26:24 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7223 John- L pointed out that is you reverse the slash and backslash, it looks like Mr. Magoo- I don't think I could get the HTML right though. John-

L pointed out that is you reverse the slash and backslash, it looks like Mr. Magoo- I don’t think I could get the HTML right though.

]]> By: twist http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7222 twist Tue, 28 Aug 2007 02:23:44 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7222 Sandman- Oh surely you've been talking to friends who've said, "Sure the wife and I are anxious to buy a house, just as soon as the whole mortgage liquidity issue gets resolved?" What else could possibly stop them? : ) Sandman-

Oh surely you’ve been talking to friends who’ve said, “Sure the wife and I are anxious to buy a house, just as soon as the whole mortgage liquidity issue gets resolved?” What else could possibly stop them? : )

]]> By: sandman http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7221 sandman Tue, 28 Aug 2007 02:18:29 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7221 "Home sales probably would be rising in the absence of the mortgage liquidity issues of the past two months" Really? And what do you base that statement on Mr. Yun? I mean, you do have facts to back that up, right? Oh wait, that's what a smart reporter would ask. (assuming they're not smart enough to know that Aug 3rd was the beginning of the end for lending) “Home sales probably would be rising in the absence of the mortgage liquidity issues of the past two months”

Really? And what do you base that statement on Mr. Yun? I mean, you do have facts to back that up, right?

Oh wait, that’s what a smart reporter would ask. (assuming they’re not smart enough to know that Aug 3rd was the beginning of the end for lending)

]]> By: nordag http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7220 nordag Tue, 28 Aug 2007 01:08:15 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7220 Ditech- people are smart.... Ditech- people are smart….

]]> By: agnostic http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7219 agnostic Tue, 28 Aug 2007 00:45:59 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7219 It wasn't a distraction. Yunspeak is a distraction. It wasn’t a distraction. Yunspeak is a distraction.

]]> By: agnostic http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7218 agnostic Tue, 28 Aug 2007 00:42:54 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7218 Y'know, I just read Yun's comment again, and all I have to say is - WTF? "waiting for the mortgage market to stabilize"? What am I missing? You can get a mortgage or you can't? Is there waiting involved? Y’know, I just read Yun’s comment again, and all I have to say is – WTF? “waiting for the mortgage market to stabilize”? What am I missing? You can get a mortgage or you can’t? Is there waiting involved?

]]> By: metroplexual http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7217 metroplexual Tue, 28 Aug 2007 00:25:17 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7217 Sorry this was such a distraction. Sorry this was such a distraction.

]]> By: MG http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7216 MG Tue, 28 Aug 2007 00:04:12 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7216 Makes me wonder what the next ace will be for the NAR. Seems like median price was their last one. Makes me wonder what the next ace will be for the NAR. Seems like median price was their last one.

]]> By: John M. http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7215 John M. Mon, 27 Aug 2007 22:55:55 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7215 agnostic (#15) - OK, let's try ...          *\0/* I had a look at <a href="http://www.cs.tut.fi/~jkorpela/www/revsol.html" rel="nofollow">"The reverse solidus (backslash, \) in Web authoring"</a> and tried *\0/* WordPress must take \0 to be the ASCII null character or something. agnostic (#15) -

OK, let’s try …          *\0/*

I had a look at “The reverse solidus (backslash, \) in Web authoring” and tried *&#92;0/*

WordPress must take \0 to be the ASCII null character or something.

]]> By: agnostic http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7214 agnostic Mon, 27 Aug 2007 20:37:09 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7214 Twist - It's star-backslash-zero-slash-star - a blank-faced cheerleader with her, uh, pom-poms in the air. I like the glazed-eye take better though. Can we just call that the "Emotiyun" ??? Twist – It’s star-backslash-zero-slash-star – a blank-faced cheerleader with her, uh, pom-poms in the air.

I like the glazed-eye take better though. Can we just call that the “Emotiyun” ???

]]> By: tc http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7213 tc Mon, 27 Aug 2007 20:21:38 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7213 Metro, I like your emoticon, but it needs work. I thought it was a long nose with glazed eyes on either side - like someone who has been hypnotized into repeating nonsense in a robotic voice, as in the old bugs bunny cartoons, or the mortgage industry guy with the plucked eyebrows on TV with Twist last week (speaking of metroplexual). Metro, I like your emoticon, but it needs work. I thought it was a long nose with glazed eyes on either side – like someone who has been hypnotized into repeating nonsense in a robotic voice, as in the old bugs bunny cartoons, or the mortgage industry guy with the plucked eyebrows on TV with Twist last week (speaking of metroplexual).

]]> By: tc http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7212 tc Mon, 27 Aug 2007 20:07:18 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7212 Twist, There was a good article in the WSJ this morning (dead tree edition) about the condo market. Mostly conversions and building projects that are going into bankruptcy. I wish they had talked about the market for established condos, and what threats they may face. I have wondered what would happen if I owned a condo and too many of my neighbors got foreclosed on. Twist,
There was a good article in the WSJ this morning (dead tree edition) about the condo market. Mostly conversions and building projects that are going into bankruptcy. I wish they had talked about the market for established condos, and what threats they may face. I have wondered what would happen if I owned a condo and too many of my neighbors got foreclosed on.

]]> By: twist http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7211 twist Mon, 27 Aug 2007 19:51:51 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7211 Metro- I'm not quite picturing it- email me and I'll fix it. The editor for comments can be a little screwy sometimes. Metro-

I’m not quite picturing it- email me and I’ll fix it. The editor for comments can be a little screwy sometimes.

]]> By: metroplexual http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7210 metroplexual Mon, 27 Aug 2007 19:49:47 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7210 There is supposed to be backslash and a 0 in there. You have some odd editing here. There is supposed to be backslash and a 0 in there. You have some odd editing here.

]]> By: twist http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7209 twist Mon, 27 Aug 2007 19:49:46 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7209 Tobby- No question- I've talked to a couple who find Yun too embarrassing. Not only that, although they will still celebrate MOM when it's up- at least I'm seeing YOY reported more often. The 800 lb gorilla in the room is getting tougher to ignore. Tobby-

No question- I’ve talked to a couple who find Yun too embarrassing. Not only that, although they will still celebrate MOM when it’s up- at least I’m seeing YOY reported more often.

The 800 lb gorilla in the room is getting tougher to ignore.

]]> By: metroplexual http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7208 metroplexual Mon, 27 Aug 2007 19:48:21 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7208 that is odd the emoticon got clipped. one more time with feeling. */* that is odd the emoticon got clipped. one more time with feeling.
*/*

]]> By: metroplexual http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7207 metroplexual Mon, 27 Aug 2007 19:47:08 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7207 Agreed John, I was just stating the party line with the NAR. To use one of my favorite new emoticons for the NAR */*. It is supposed to be a cheerleader. Agreed John,

I was just stating the party line with the NAR. To use one of my favorite new emoticons for the NAR */*. It is supposed to be a cheerleader.

]]> By: Tobby http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7206 Tobby Mon, 27 Aug 2007 19:34:48 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7206 Notice that the Main Stream Media is not quoting NAR or Lun as much. The MSM seems to only quote the specific NAR statistics and leave out their spin. They are probably laughing at NAR as much as we do. :) Notice that the Main Stream Media is not quoting NAR or Lun as much. The MSM seems to only quote the specific NAR statistics and leave out their spin. They are probably laughing at NAR as much as we do. :)

]]> By: John M. http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7205 John M. Mon, 27 Aug 2007 19:31:01 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7205 metro - Some of the best lines are deeper into the article ... <em>"The inventory glut is not going away any time soon," wrote Richard Moody, chief economist for Mission Residential. Sellers need to drop prices. "Desperate times call for desperate, maybe even insane, measures."</em> [<strong>NOTE:</strong> that's Rex Nutting, not Douglas Adams] metro -

Some of the best lines are deeper into the article …

“The inventory glut is not going away any time soon,” wrote Richard Moody, chief economist for Mission Residential. Sellers need to drop prices. “Desperate times call for desperate, maybe even insane, measures.”

[NOTE: that's Rex Nutting, not Douglas Adams]

]]> By: John M. http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7204 John M. Mon, 27 Aug 2007 19:25:32 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7204 agnostic - <em>"The ships hung in the sky <a href="http://en.wikiquote.org/wiki/The_Hitchhiker's_Guide_to_the_Galaxy#Chapter_3" rel="nofollow">in much the same way that bricks don't</a>."</em> -- <a href="http://en.wikiquote.org/wiki/Douglas_Adams" rel="nofollow">Douglas Adams</a> agnostic -

“The ships hung in the sky in much the same way that bricks don’t.” — Douglas Adams

]]> By: agnostic http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7203 agnostic Mon, 27 Aug 2007 18:40:21 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7203 I would be floating in the air in the absence of gravity. I would be floating in the air in the absence of gravity.

]]> By: metroplexual http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7202 metroplexual Mon, 27 Aug 2007 18:35:36 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7202 Good news folks because it is only happy news at the NAR! Home inventories rise to 16-year high! More inventory means more choice! It has never been a better time to buy! Good luck getting finance. Home inventories rise to 16-year high Existing-home sales fall 0.2% to 5.75 million, slowest pace in 5 years By Rex Nutting, MarketWatch Last Update: 12:15 PM ET Aug 27, 2007WASHINGTON (MarketWatch) - Inventories of unsold single-family homes increased by 2.2% to 3.85 million in July, sending the inventory in relation to sales to the highest level in 16 years, the National Association of Realtors reported Monday. Inventories of unsold condos rose by 20%, the real estate group said. Even as more homes and condos came on the market, resales of single-family homes and condominiums fell 0.2% to a seasonally adjusted annual rate of 5.75 million. The results were stronger than the 5.69 million sales pace expected by economists surveyed by MarketWatch, but still the slowest since November 2002. See Economic http://www.marketwatch.com/news/story/home-inventories-hit-16-year-high/story.aspx?guid=%7BEF73D79E%2D8E8E%2D4FD5%2D9F83%2D2C3C3EAE953A%7D Good news folks because it is only happy news at the NAR!
Home inventories rise to 16-year high! More inventory means more choice! It has never been a better time to buy! Good luck getting finance.

Home inventories rise to 16-year high

Existing-home sales fall 0.2% to 5.75 million, slowest pace in 5 years
By Rex Nutting, MarketWatch
Last Update: 12:15 PM ET Aug 27, 2007WASHINGTON (MarketWatch) – Inventories of unsold single-family homes increased by 2.2% to 3.85 million in July, sending the inventory in relation to sales to the highest level in 16 years, the National Association of Realtors reported Monday.

Inventories of unsold condos rose by 20%, the real estate group said.
Even as more homes and condos came on the market, resales of single-family homes and condominiums fell 0.2% to a seasonally adjusted annual rate of 5.75 million. The results were stronger than the 5.69 million sales pace expected by economists surveyed by MarketWatch, but still the slowest since November 2002. See Economic

http://www.marketwatch.com/news/story/home-inventories-hit-16-year-high/story.aspx?guid=%7BEF73D79E%2D8E8E%2D4FD5%2D9F83%2D2C3C3EAE953A%7D

]]> By: twist http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7201 twist Mon, 27 Aug 2007 18:02:11 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7201 TM- I'm glad you liked it. My apologies for the slight edit to your comment. What can I say? I'm the last prude on the internet. TM-

I’m glad you liked it. My apologies for the slight edit to your comment.

What can I say? I’m the last prude on the internet.

]]> By: tm2000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7200 tm2000 Mon, 27 Aug 2007 17:47:15 +0000 http://housingdoom.com/2007/08/27/nar-july-home-sales-would-be-rising/#comment-7200 "If I were ever stuck somewhere like a prisoner of war camp, I think I would want to be stuck there with Lawrence Yun..." that WAS funny as h***.. made my day :) “If I were ever stuck somewhere like a prisoner of war camp, I think I would want to be stuck there with Lawrence Yun…”

that WAS funny as h***.. made my day :)

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