Housing #'s down 3.9%%%% 848,000 didnt get the 7% jump

Discussion in 'Economics' started by S2007S, Mar 26, 2007.

  1. S2007S


    watch out, market should skyrocket now. :p :p :p
  2. blast19


    100% up room to go...too bad they couldn't spin numbers this time! :D
  3. S2007S


    did you see the markets dropping about a minute before the #'s came out.

    Dow dropped about 42 points before the # was even read.
  4. That was fun..lost a cool 1K at the speed of refresh
  5. Nice housing numbers.

  6. blast19


    It's amazing that CNBC is reporting about how AMAZING it is that the market went down so fast on housing numbers...as if that wasn't a good reason to go down. :D
  7. It wasn't that bad though

    we will rebound later this week

    I know cause I am right and stockpickr is wrong

    that is all that matters
  8. You'll always slay me with sound logic.
  9. This lessens the possibility of a rate hike. Less inflation=good for markets

    Also it is best to get these bad numbers out of the way

    let the sellers keep dropping it cause thats what they indtended to do since last week when the markets didnt budge on thurs or fri

    all the sellers wanted to sell and now they have a reason to

    The buyers will step in and drive the markets higher again
    Tthe key is interest rates. They wont be going up anytime soon.
  10. You guys fail to see the positive aspects about the housing market falling. Right now there is an army of people out there waiting on the sidelines waiting to get into the market.

    The positive aspect is that these folks will finally be able to get an affordable house.

    I guess the negative aspect is that some people will experience a 30-50% decline in their house value. Especially those who live in California...
    #10     Mar 26, 2007