Comments on: New Home Sales Continue Deep Slide

By: Don

Don — Thu, 27 Mar 2008 17:39:04 +0000

And another bellweather, it seems that the Clear Channel thing is falling apart. I mention this because the investment banks handling have suddenly become skiddish. Now there are going to be Congressional hearings on the Bear deal. I still back Big Ben on that one, but it should give one pause and some oversight is a good thing.

The Dow tested a new high, 12,500. That's it. And once again, we were only one bad news story from a drop and people started going back to commodities.

I'm sticking with that we'll see a bottom 9-12 months. We're almost half-way to the bottom, almost.

By: morganb

morganb — Thu, 27 Mar 2008 02:04:03 +0000

I trust the Goldman report more than any of the other monkey's putting out information (read: ratings agencies or Bear Stearns “there is no liquidity problem” reports). Goldman has lost the least in the game and seemed to play it just right – making money as others have folded up like cheap lawn chairs. Since most of the BS that we're hearing is overly-bullish I'm going to go with Goldman on this one – they've been right so far.

By: Refinance Denver

Refinance Denver — Thu, 27 Mar 2008 00:43:49 +0000

It's difficult to trust the Goldman report and its resulting conclusions. If these guys know so much, why weren't they drawing up knowledgeable reports about this way before it happened?

By: Doug Willis

Doug Willis — Wed, 26 Mar 2008 20:46:31 +0000

The seasonality factor in the housing market is about to get started. In the next couple of months we will see more inventory on the market. Will there be a corresponding rise in the number of sales? That is the $64,000 question. To me it's hard to believe we could have record sales and appreciation from 2001 to 2006, and then have a downturn in the market that only lasts for 9 months.