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General Inspection Discussion This is a place for general discussion about the home inspection industry. Try to keep the posts topical, but they need not be as specific as the other areas of this board.

 
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  #1  
Old 11/23/10, 11:03 AM
Michael Larson's Avatar
Michael Larson Michael Larson is offline
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Default Existing home sales slow down
Existing home sales slow down

Quote:
Following a couple of months of gains, sales of existing homes retreated again in October, an industry report said Tuesday.

The National Association of Realtors reported that the number of homes sold fell 2.2% from September to an annual rate of 4.43 million. The rate was down 25.9% from 12 months earlier.


You can argue with intelligent people but to argue with a mush head is like trying to grab fog-Thomas Sowell

Never underestimate the difficulty of changing false beliefs by facts.[/I] - Henry Rosovsky-Harvard

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  #2  
Old 11/23/10, 11:15 AM
Gary Farnsworth Gary Farnsworth is offline
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Default Re: Existing home sales slow down
Not new. October home sales are down 40% from same month in 2009. October 2009 was down even further from 2008. Average home sales around KC are at 1,400, down from an average of 5,000 per month from 2006.

Still homes are selling, but most are not getting home inspections for several reasons.

http://www.reeceandnichols.com/pages...rket-trends-kc


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Last edited by gfarnsworth; 11/23/10 at 11:19 AM..
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  #3  
Old 11/23/10, 1:47 PM
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Joe Funderburk, CMI Joe Funderburk, CMI is online now
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Default Re: Existing home sales slow down
I guess "Change" includes change for the worse. Someone forgot to ask for clarification.


“The things that will destroy America are peace at any price,
prosperity at any cost, safety first instead of duty first,
the love of soft living, and the get-rich-quick theory of life.”
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Alpha & Omega Home Inspections, LLC
Inspecting Upstate SC & Charlotte Metro, NC
NACHI ID: NACHI05120170
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  #4  
Old 11/30/10, 10:17 AM
Gary Farnsworth Gary Farnsworth is offline
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Default Re: Existing home sales slow down
http://www.msnbc.msn.com/id/40430566...s-us_business/


August and September national home prices and foreclosure figures updated.

No surprise. We all knew it, we saw it in our businesses. I guess it was just hard for someone to say it for real. It will take years for this thing to come back.


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Eastern Kansas/Western Missouri
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  #5  
Old 11/30/10, 10:21 AM
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Joe Funderburk, CMI Joe Funderburk, CMI is online now
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Default Re: Existing home sales slow down
More bad news:

http://finance.yahoo.com/news/Home-p...44156.html?x=0


“The things that will destroy America are peace at any price,
prosperity at any cost, safety first instead of duty first,
the love of soft living, and the get-rich-quick theory of life.”
Theodore Roosevelt


Joe Funderburk, CMI
Alpha & Omega Home Inspections, LLC
Inspecting Upstate SC & Charlotte Metro, NC
NACHI ID: NACHI05120170
www.aohomeinspection.com


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