LESS BANG FOR THE $ (Money Multiplier)
Median Home Price Change (WRONG WAY FRED)
LOS ANGELES (AP) -" The worst summer for home sales in decades also put a chill on foreclosure sales, even as the average discounts on the distressed properties got bigger compared with other types of homes.
Foreclosure sales plunged 25 percent in the July-September quarter versus the April-June period and tumbled 31 percent from the third quarter last year, foreclosure listing firm RealtyTrac Inc. said Thursday.
Sales of non-foreclosed properties fell 29 percent sequentially and nearly 31 percent from the third quarter last year, the firm said."
Foreclosure sales plunged 25 percent in the July-September quarter versus the April-June period and tumbled 31 percent from the third quarter last year, foreclosure listing firm RealtyTrac Inc. said Thursday.
Sales of non-foreclosed properties fell 29 percent sequentially and nearly 31 percent from the third quarter last year, the firm said."
*Earlier Holiday Reatil hiring may have led to uptick in jobs report, maybe the economy is turning around, but Housing isn't leading us to sustainable economy, I ask what is?
Now talks of Gov austerity, cutting spending, raising taxes, shedding jobs.....loss of BILLIONS as 99er's drop off roll which will affect Consumer spending.
On again off again Euro crisis now a joke.....let's print some Euro's and plug the holes. 10 year note approaching 3% will ALL this great news to feed on....big 90% up day yesterday and break out from trading range but on SPX still below April highs. (1227)
I would not be playing a tack on to yesterdays rally but down to sideways. IS THE US ECONOMY ready to catch fire? WHat's still holding back investment and expansion from US FIRMS?
Bullishness back to 2007 levels.
Even in 2008 mobs rushed lines in Black Friday frenzy, now many paying with cash....how will rest of season fare?
Medicare and Social Securtiy make up 33% of GOV budget.
D
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