October new homes sales at record level, but the AP is sad...

I shake my head when I read lead paragraphs like this from the AP;
Sales of new homes soared at a record pace in October in what could be a last hurrah for the booming housing market.


The Commerce Department said that sales of new single-family homes shot up by 13 percent last month, the biggest one-month gain in more than 12 years. The increase pushed sales to an all-time high seasonally adjusted annual rate of 1.42 million units.

The increase confounded analysts who had been predicting that new home sales would decline by 1.8 percent, reflecting continued increases in mortgage rates. It was possible that the unexpected surge reflected a final rush by buyers to get into the market before mortgage rates climb higher.

So we have record setting new home sales yet the AP says its the last hurrah.

These so-called expert analysts are the only people I know of where they are paid for being wrong on a monthly basis. Can I have that job? If I was as wrong as they are I would be job-hunting constantly.
Analysts believe the nation's booming housing market is beginning to show signs of slowing under the impact of rising mortgage rates, which are going up as the Federal Reserve continues a campaign to boost interest rates to make sure inflation does not get out of control.

Well, maybe not. The Fed indicated in the just released minutes from their November 1st meeting that the their interest-raising campaign may be coming to end shortly after the New Year depending on existing conditions.

Comments

Post a Comment

Popular posts from this blog

No one spoke to Blago, except Rahmbo multiple times...

The dominoes keep falling... but he can't talk about it because, well you know, he's dad... Rahm Emanuel Reportedly Spoke with Blagojevich About Senate Seat Conversations with Governor? Chicago -- The firestorm surrounding Governor Blagojevich is putting some heat on Barack Obama’s transition team. Fox Chicago News has learned about possible conversations between a top Obama aide and the governor regarding the open senate seat. Craig Wall has the exclusive.
Read more

Obama spokesperson confirms NY Post article

Well, it sure sounds like she did ; In the New York Post, conservative Iranian-born columnist Amir Taheri quoted Iraqi Foreign Minister Hoshyar Zebari as saying the Democrat made the demand when he visited Baghdad in July, while publicly demanding an early withdrawal. “He asked why we were not prepared to delay an agreement until after the US elections and the formation of a new administration in Washington,” Zebari said in an interview, according to Taheri. “However, as an Iraqi, I prefer to have a security agreement that regulates the activities of foreign troops, rather than keeping the matter open,” Zebari reportedly said. … Obama’s national security spokeswoman Wendy Morigi said Taheri’s article bore “as much resemblance to the truth as a McCain campaign commercial.” In fact, Obama had told the Iraqis that they should not rush through a “Strategic Framework Agreement” governing the future of US forces until after President George W. Bush leaves office, she said...
Read more

What a load of crap!

Ok...for starters its called wolf control . The killing of wolves either via the air or the more traditional ways saves moose and caribou which is the intent. And also Alaskans rely on deer, moose, caribou and other wildlife for food . These dumb asses would rather have you believe that Palin is hanging out the side of the helicopter screaming in hysterical joy while she slaughters these poor defenseless wolves. And isn't that really the point anyway.
Read more