Existing-Home Sales Rise 5.1 Percent

JMcmu1458 11:57:22 AM Mar 23 2009

So who bought these homes? More investers? More house flippers? More slum lords? It certainly wasn't Mr or Mrs America too many of them out of jobs with lousy credit. Or are the banks still making these LEGACY ASSETS?

CHST586 11:41:42 AM Mar 23 2009

So tell me, Efast2, are you a tract home builder or just a mouthy jerk? As a building inspector, who does know a nail from a screw, I absolutely agree with Shelley. I've watched the quality of homes decline for the past 25 years. Today, most of them will fall apart before the mortgage is paid off.

Masser 11:06:48 AM Mar 23 2009

The government is creating another bubble, only that one will not be as kind as the present one, another house of cards, getting ready to burst.

CPROEMER 10:44:03 AM Mar 23 2009

YIPPY SKIPPY Time to buy says Realtor group. Being a real estate agent is not very prosperus job rite now. They need all the publicity they can get to TRY and persuade people the bottom of housing market is NOW, weather it is the truth or not. These are SOME of the same folks who were working with mortgage brokers/banks, appraisers etc. to get a commission any way they could to have you sign on the dotted line, wheather you could afford it or not. We are stlll headed south on a daily basis.

CPROEMER 10:30:14 AM Mar 23 2009

What these folks are not saying is SHORT SALE. Some of these mortgages are being bought back at a lower price from the bank without going into forclosure by the same origional buyer and the bank writing off the loss. Thus a home sale.

Efast2 10:27:42 AM Mar 23 2009

shelly idiots like you that dont know what your talking about should not post on here if you are so smart then build your own house and you wont have to worry about it !!!!!!!!!!!!!!!!!!!!! my guess is you dont know a nail from a screw!!!!!!!!!!

Shelleyxjr22 11:50:28 AM Feb 26 2009

First of the quality and materials used in new home construction is builder grade crap. Especially in new large tract home subdivisions. Unless you design, and build a totally custom built home with a private home construction builder/contractor. Your paying a very high price for poor construction and quality these days. For the most part due to the current declining home values. Your brand new home will not be worth the final construction cost, you end up paying for it. This is NOT a good time to build a brand new home.