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Home › Forums › Housing › Home Depot CEO concerned about accelerating foreclosures this year

  • This topic has 25 replies, 3 voices, and was last updated 15 years ago by Bob.
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  • May 20, 2009 at 4:13 PM #15732
    Bob
    Participant

    Interesting statement by the CEO of Home Depot regarding his concerns about foreclosure activity picking up again. If anyone would have a true pulse on the housing industry, it would probably be someone in his position.

    http://blogs.wsj.com/marketbeat/2009/05/19/home-depot-chief-on-foreclosures-concerned-about-accelerating-rates/#mod=yahoo_hs

    Frank Blake, chairman and chief executive: “We are concerned about accelerating rates of foreclosures particularly in the western part of the country where there is already high density of houses in foreclosure. In the fourth quarter of ‘08, we saw foreclosures decelerate in areas of California and along with that an improvement in our comps. Those trends reversed this past quarter which provides a cautionary note on signaling a recovery prematurely.”

    May 20, 2009 at 5:14 PM #403277
    NotCranky
    Participant

    Isn’t this a buy signal, Bob?

    May 20, 2009 at 5:14 PM #403531
    NotCranky
    Participant

    Isn’t this a buy signal, Bob?

    May 20, 2009 at 5:14 PM #403767
    NotCranky
    Participant

    Isn’t this a buy signal, Bob?

    May 20, 2009 at 5:14 PM #403827
    NotCranky
    Participant

    Isn’t this a buy signal, Bob?

    May 20, 2009 at 5:14 PM #403975
    NotCranky
    Participant

    Isn’t this a buy signal, Bob?

    May 20, 2009 at 7:00 PM #403352
    Bob
    Participant

    [quote=Russell]Isn’t this a buy signal, Bob?[/quote]

    Buy, as in real estate ? Or buy as in home depot stock ?

    May 20, 2009 at 7:00 PM #403605
    Bob
    Participant

    [quote=Russell]Isn’t this a buy signal, Bob?[/quote]

    Buy, as in real estate ? Or buy as in home depot stock ?

    May 20, 2009 at 7:00 PM #403844
    Bob
    Participant

    [quote=Russell]Isn’t this a buy signal, Bob?[/quote]

    Buy, as in real estate ? Or buy as in home depot stock ?

    May 20, 2009 at 7:00 PM #403902
    Bob
    Participant

    [quote=Russell]Isn’t this a buy signal, Bob?[/quote]

    Buy, as in real estate ? Or buy as in home depot stock ?

    May 20, 2009 at 7:00 PM #404051
    Bob
    Participant

    [quote=Russell]Isn’t this a buy signal, Bob?[/quote]

    Buy, as in real estate ? Or buy as in home depot stock ?

    May 20, 2009 at 7:17 PM #403362
    NotCranky
    Participant

    [quote=Bob][quote=Russell]Isn’t this a buy signal, Bob?[/quote]

    Buy, as in real estate ? Or buy as in home depot stock ?
    [/quote]

    Real estate.

    Just goofing around, Bob.

    May 20, 2009 at 7:17 PM #403616
    NotCranky
    Participant

    [quote=Bob][quote=Russell]Isn’t this a buy signal, Bob?[/quote]

    Buy, as in real estate ? Or buy as in home depot stock ?
    [/quote]

    Real estate.

    Just goofing around, Bob.

    May 20, 2009 at 7:17 PM #403854
    NotCranky
    Participant

    [quote=Bob][quote=Russell]Isn’t this a buy signal, Bob?[/quote]

    Buy, as in real estate ? Or buy as in home depot stock ?
    [/quote]

    Real estate.

    Just goofing around, Bob.

    May 20, 2009 at 7:17 PM #403912
    NotCranky
    Participant

    [quote=Bob][quote=Russell]Isn’t this a buy signal, Bob?[/quote]

    Buy, as in real estate ? Or buy as in home depot stock ?
    [/quote]

    Real estate.

    Just goofing around, Bob.

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