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  • August 25, 2007 at 8:58 PM #81109
    Bubblesitter
    Participant

    2 videos on bloomberg on how these housing numbers are essentially worthless.

    Kasriel of Northern Trust “skeptical” of new-home sales data.

    And Brusuelas video

    http://www.bloomberg.com

    August 26, 2007 at 9:10 PM #81132
    bonfire
    Participant

    Are the transfers of title to homes which have been “sold” back to the lender in a foreclosure auction reflected in the monthly sales figures in any way? If a house with a 1 mil. loan is sold back to the lender, at the the foreclosere auction for 1 mil, does that home count as sold for that price? I have been a Piggington lurker for awhile and appreciate the education available here. I have not seen this question covered in the posts,although it may have been.
    Thanks!

    August 26, 2007 at 9:10 PM #81262
    bonfire
    Participant

    Are the transfers of title to homes which have been “sold” back to the lender in a foreclosure auction reflected in the monthly sales figures in any way? If a house with a 1 mil. loan is sold back to the lender, at the the foreclosere auction for 1 mil, does that home count as sold for that price? I have been a Piggington lurker for awhile and appreciate the education available here. I have not seen this question covered in the posts,although it may have been.
    Thanks!

    August 26, 2007 at 9:10 PM #81283
    bonfire
    Participant

    Are the transfers of title to homes which have been “sold” back to the lender in a foreclosure auction reflected in the monthly sales figures in any way? If a house with a 1 mil. loan is sold back to the lender, at the the foreclosere auction for 1 mil, does that home count as sold for that price? I have been a Piggington lurker for awhile and appreciate the education available here. I have not seen this question covered in the posts,although it may have been.
    Thanks!

    August 26, 2007 at 9:56 PM #81368
    HereWeGo
    Participant

    The July numbers are “pre-credit crunch” and are therefor irrelevant IMO. I suspect a great many of the graphs and charts presented to prove a case wrt/ RE will show a salient discontinuity once the August numbers are plotted.

    August 26, 2007 at 9:56 PM #81500
    HereWeGo
    Participant

    The July numbers are “pre-credit crunch” and are therefor irrelevant IMO. I suspect a great many of the graphs and charts presented to prove a case wrt/ RE will show a salient discontinuity once the August numbers are plotted.

    August 26, 2007 at 9:56 PM #81520
    HereWeGo
    Participant

    The July numbers are “pre-credit crunch” and are therefor irrelevant IMO. I suspect a great many of the graphs and charts presented to prove a case wrt/ RE will show a salient discontinuity once the August numbers are plotted.

    August 26, 2007 at 9:58 PM #81371
    HLS
    Participant

    The July report is a distorted “lie”
    See the “MONKEY NAMED GEORGE” thread for a review.

    August 26, 2007 at 9:58 PM #81502
    HLS
    Participant

    The July report is a distorted “lie”
    See the “MONKEY NAMED GEORGE” thread for a review.

    August 26, 2007 at 9:58 PM #81523
    HLS
    Participant

    The July report is a distorted “lie”
    See the “MONKEY NAMED GEORGE” thread for a review.

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