After April 30th Housing Stats

[34f3f3f]

If the government is not solely concerned with the propping up home prices, so much as the effect it has on the overall economy, and given the tax credit seems to have worked, if the economy picks up this year, I see no reason why it (government, or Fed) should intervene if home values start to wobble again. The mini bubble has added enough fat for some lean times ahead while the economy is given a chance to stabilize.

[DWCAP]

[quote=qwerty007]If the government is not solely concerned with the propping up home prices, so much as the effect it has on the overall economy,[/quote]

There is where your post has a problem. I agree they shouldnt care, but they have directly linked home prices with economic gain, if only in their minds (let alone their policies), and will do anything to protect and continue the gains observed.

[DWCAP]

[quote=qwerty007]If the government is not solely concerned with the propping up home prices, so much as the effect it has on the overall economy,[/quote]

There is where your post has a problem. I agree they shouldnt care, but they have directly linked home prices with economic gain, if only in their minds (let alone their policies), and will do anything to protect and continue the gains observed.

[DWCAP]

[quote=qwerty007]If the government is not solely concerned with the propping up home prices, so much as the effect it has on the overall economy,[/quote]

There is where your post has a problem. I agree they shouldnt care, but they have directly linked home prices with economic gain, if only in their minds (let alone their policies), and will do anything to protect and continue the gains observed.

[DWCAP]

[quote=qwerty007]If the government is not solely concerned with the propping up home prices, so much as the effect it has on the overall economy,[/quote]

There is where your post has a problem. I agree they shouldnt care, but they have directly linked home prices with economic gain, if only in their minds (let alone their policies), and will do anything to protect and continue the gains observed.

[DWCAP]

[quote=qwerty007]If the government is not solely concerned with the propping up home prices, so much as the effect it has on the overall economy,[/quote]

There is where your post has a problem. I agree they shouldnt care, but they have directly linked home prices with economic gain, if only in their minds (let alone their policies), and will do anything to protect and continue the gains observed.

[34f3f3f]

[quote=DWCAP][quote=qwerty007]If the government is not solely concerned with the propping up home prices, so much as the effect it has on the overall economy,[/quote]

There is where your post has a problem. I agree they shouldnt care, but they have directly linked home prices with economic gain, if only in their minds (let alone their policies), and will do anything to protect and continue the gains observed.[/quote]

I think that is what I am saying isn’t it? It’s not propping up home prices for the sake of it, but there may come a point when to do so is out-weighed by any future benign effects of doing otherwise.

[34f3f3f]

[quote=DWCAP][quote=qwerty007]If the government is not solely concerned with the propping up home prices, so much as the effect it has on the overall economy,[/quote]

There is where your post has a problem. I agree they shouldnt care, but they have directly linked home prices with economic gain, if only in their minds (let alone their policies), and will do anything to protect and continue the gains observed.[/quote]

I think that is what I am saying isn’t it? It’s not propping up home prices for the sake of it, but there may come a point when to do so is out-weighed by any future benign effects of doing otherwise.

[34f3f3f]

[quote=DWCAP][quote=qwerty007]If the government is not solely concerned with the propping up home prices, so much as the effect it has on the overall economy,[/quote]

There is where your post has a problem. I agree they shouldnt care, but they have directly linked home prices with economic gain, if only in their minds (let alone their policies), and will do anything to protect and continue the gains observed.[/quote]

I think that is what I am saying isn’t it? It’s not propping up home prices for the sake of it, but there may come a point when to do so is out-weighed by any future benign effects of doing otherwise.

[34f3f3f]

[quote=DWCAP][quote=qwerty007]If the government is not solely concerned with the propping up home prices, so much as the effect it has on the overall economy,[/quote]

There is where your post has a problem. I agree they shouldnt care, but they have directly linked home prices with economic gain, if only in their minds (let alone their policies), and will do anything to protect and continue the gains observed.[/quote]

I think that is what I am saying isn’t it? It’s not propping up home prices for the sake of it, but there may come a point when to do so is out-weighed by any future benign effects of doing otherwise.

[34f3f3f]

[quote=DWCAP][quote=qwerty007]If the government is not solely concerned with the propping up home prices, so much as the effect it has on the overall economy,[/quote]

There is where your post has a problem. I agree they shouldnt care, but they have directly linked home prices with economic gain, if only in their minds (let alone their policies), and will do anything to protect and continue the gains observed.[/quote]

I think that is what I am saying isn’t it? It’s not propping up home prices for the sake of it, but there may come a point when to do so is out-weighed by any future benign effects of doing otherwise.

[34f3f3f]

Interesting comments coming from Redfin this morning.

“Generally in the past few months, Redfin’s traffic has enjoyed double-digit percentage-point gains in traffic. But if you compare traffic on Monday, April 26, before the credit expired, to Monday, May 3, after the credit expired, the difference is stark and uniform: an 8% drop in one week.”

[34f3f3f]

Interesting comments coming from Redfin this morning.

“Generally in the past few months, Redfin’s traffic has enjoyed double-digit percentage-point gains in traffic. But if you compare traffic on Monday, April 26, before the credit expired, to Monday, May 3, after the credit expired, the difference is stark and uniform: an 8% drop in one week.”

[34f3f3f]

Interesting comments coming from Redfin this morning.

“Generally in the past few months, Redfin’s traffic has enjoyed double-digit percentage-point gains in traffic. But if you compare traffic on Monday, April 26, before the credit expired, to Monday, May 3, after the credit expired, the difference is stark and uniform: an 8% drop in one week.”

[34f3f3f]

Interesting comments coming from Redfin this morning.

“Generally in the past few months, Redfin’s traffic has enjoyed double-digit percentage-point gains in traffic. But if you compare traffic on Monday, April 26, before the credit expired, to Monday, May 3, after the credit expired, the difference is stark and uniform: an 8% drop in one week.”

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