Existing-Home Sales, Prices Decline

Prousa217 12:24:12 PM Apr 24 2008

I agree with belowgrade39. I think while we are on the subject of new school curriculums, we need to teach our kids not only simple finance, but street smart as well. Today the high school kids have no clue what elements are being deducted from their paychecks.. That % is as high as 40% of the high school grads. Textbook is a learning tool to teach our kids how to apply.. Our education systems do not teach enough applications in a real world. I need curriculums in health diet how to eat right. They need to know the amount of sugars they consumed daily as a wake up call when they reach age 30.. or not even wait this long before problems arise. And finally, how the global economy is going to affect their lives and how to anticipate what is coming ahead.. food shortages, global warming, energy conservations.. Add these curriculums NOW!!!

Brazing 03:42:49 AM Apr 23 2008

my house down about $65,000 in a year

Belowgrade39 08:47:57 PM Apr 22 2008

What needs to happen is the public schools need to hold mandatory financial literacy classes. If something is going up 15% a year, it will double in five years, Then double from that point in the next five years. So if you buy a house for 400,000 dollars, in five years it will increase to 800,000, then in five more years it will increase to 1,600,000 dollars. Doesn't make much sense does it? This is basic stuff. (Rule of 72). That basic ranch for $400,000 couldn't possibly go to that unless our greenback was next to worthless and salaries increased lockstep.

Tcmichael406 08:20:42 PM Apr 22 2008

TRUTH IS,most people on this site that are blamming bush for all there problems,most are liberal democrates who bought into the line that government should bail them out in times of trouble,dont want to take responsability for there own foolish actions.

Lesliedirect 05:43:11 PM Apr 22 2008

I agree that there will be improvement in the next couple of months. Interest rates are low, there's a big selection of homes for sale and home prices are the lowest they have been in years. Sellers have now lowered their homes down to bargain basement prices. We've worked hard to buy our homes and have equity in them, we are not going to just give them away. Grocery stores are not giving food away, gasoline stations are not giving away gas....food and gas are going up, up, up, so buyers should not expect sellers to go down, down, down. The time to buy is right now.

TomHillinMass 04:06:18 PM Apr 22 2008

It's usually sad people lose their homes in foreclosure, unless of course they are Republicans and deserve it.

Leamurphy 03:46:58 PM Apr 22 2008

TSIMPSON 2333

I TOTALLY AGREE WITH YOU!!!!! people were banking on the fact that their home would appreciate by the time they'd have to re-new the mortgage. Or, they are just plain STUPID !!!! they just want to live beyond their means, as is the case in my town..over and over! cant afford a new Lexus like the neighbor...lets lease one! cant get a bigger house, lets just do interest only loans! so shut the heck up all you peopel who are defensive about how 'you didnt know'and were lied too, blah blah blah...Just read the DAMN# contract...fools!

EVENSANDY 03:40:25 PM Apr 22 2008

We live in the northwest. Our home has been on the market 13 months and no offers at all. This is awful!

Suthnglmn 03:16:10 PM Apr 22 2008

Per Zillow, my home has declined in value about twenty percent in the last two years. On the bright side, however, I just got my 2008 tax assessment, and it is up 39%; 13% this year, 12% next year, and 11% in 2010. Guess those tax guys know something that the real estate experts don't.

Khelama 03:12:11 PM Apr 22 2008

TSIMPSON, this is not about your concern as to whether it is someone else's fault, this is typical American reaction to fear. It is denial. If you can blame this on people buying homes they couldn't afford, it makes it "their fault" and a temporary situation that will correct itself as soon as enough of these in your opinion "idiots" are thrown outdoors. Then life goes back to normal and you wake up in your bed in the morning and all's right with the world again. Problem is, that is crap and an Alice in Wonderland POV. This IS NOT A MORTGAGE CRISIS IN AMERICA! This is a GLOBAL FINANCIAL CRISIS affecting the entire western civilization. And it nothing can save or stop it. Life as you know it is crashing. Face and prepare. Or keep blaming others be caught in what will make Katrina look like a walk in the park. Not global warming, GLOBAL CRASH.