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Does that home sales are actually up, make you feel the "depression" isn't real?
http://money.cnn.com/2009/12/22/real_estate/november_existing_home_sales/index.htm
According to the national Realtor association home sales are up 17.4% in the last two months.
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According to the national Realtor association home sales are up 17.4% in the last two months.
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December 23, 2009 04:20 PM
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The home sales numbers are averages. Some areas could be seeing an upsurge while other areas are significantly depressed still. I think home sales are one economic indicator but certainly not the only one, especially when reading about more companies closing, more people losing jobs, new jobs not being created as quickly, food banks and other community help organizations being stretched to the brink, and other monetary woes.
Also, it depends on who you read depends on whether or not the recession is over or worsening. For every economist theorists that says yes, another says no. It's like the weather. It's not an exact science and mostly made on guesses based on past performances.
Also, it depends on who you read depends on whether or not the recession is over or worsening. For every economist theorists that says yes, another says no. It's like the weather. It's not an exact science and mostly made on guesses based on past performances.
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December 22, 2009 07:52 PM
http://money.cnn.com/2009/12/08/news/economy/Manpower_first_quarter_hiring/... Helpful Answer? (0)
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I don't think this means the recession is over, but I do think this will lead us out of the recession. More people are buying homes now because the prices have come down enough that people can afford to buy homes. This is good.
When people buy homes, they also furnish them, paint them, remodel them, fix up the yard, and maintain the home. All this creates jobs.
This is the beginning of a really good thing. It is just the beginning, though. There will still be a year or so of lean times, until employers get up the confidence to start hiring again.
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When people buy homes, they also furnish them, paint them, remodel them, fix up the yard, and maintain the home. All this creates jobs.
This is the beginning of a really good thing. It is just the beginning, though. There will still be a year or so of lean times, until employers get up the confidence to start hiring again.
http://money.cnn.com/2009/12/08/news/economy/Manpower_first_quarter_hiring/... Helpful Answer?
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December 24, 2009 07:40 AM
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"Existing home sales up" was yesterday's big economic news.
"New home sales down" is today's big economic news. (11%, October to November, if you were wondering.)
Don't take one month's results for anything - existing home sales, new home sales, unemployment - too seriously.
Whatever you call it: "The Great Recession" or "The Not-So-Great Depression" (TM), It's quite real, believe me.
Actually the stock market dropped two days ago because the housing report was released for November and it had the biggest drop in real estate sales in a year.
Investors are afraid that the people who could afford a house have bought a house, leaving excess inventory in the market place.
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"New home sales down" is today's big economic news. (11%, October to November, if you were wondering.)
Don't take one month's results for anything - existing home sales, new home sales, unemployment - too seriously.
Whatever you call it: "The Great Recession" or "The Not-So-Great Depression" (TM), It's quite real, believe me.
Actually the stock market dropped two days ago because the housing report was released for November and it had the biggest drop in real estate sales in a year.
Investors are afraid that the people who could afford a house have bought a house, leaving excess inventory in the market place.
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