8/09/2009

Recession Over
says Obama and the MSM, so here by nobody's permission, are some actual current facts. (source: the real estate browser/web net called Zillow.)

1. U.S. home values posted their 10th consecutive quarterly decline, falling to $186,500 on the Zillow Home Value Index, according to the second-quarter Zillow Real Estate Market Reports.
2. Q2 (the one touted by the Nazis) U.S. Home values fell 12.1 percent year-over-year, marking the 10th consecutive quarter of declines BUT Q2 was the first quarter where national declines are not growing. Hard data showing recession end.
3. Total home sales fell 23.7 percent in June versus a year earlier. In the short term, total home sales rose 3.8 percent in June versus May.
5. Negative equity: More than one-fifth (23 percent) of all owners of single family homes with mortgages owe more on a mortgage than their home is currently worth.Typical Rush Limbaugh Nazi explanation to make Obama look bad. The ACTUAL TRUTH? While the uneducated reader may think this is a negative, those of us with MBAs from good schools realize that going belly up in a home motivates people to work harder in order to save them. Millions will be working 22 hour days trying to meet mortgage payments; more people working is proof positive that the recession is over.
(This is, in fact, a sure signal to buy homes before inflation takes prices back up)
6. Foreclosure re-sales made up 22 percent of all home sales in June. So?
7. Homes sold for loss: 29.2 percent of sellers sold homes in June for less than the previous purchase price. The truth? They took tax losses, thus sticking the rest of us with higher taxes; higher taxes mean prosperity.
8. Q2 was the first quarter where national declines are not growing. (SURE SIGN RECESSION OVER)
9. Negative equity: More than one-fifth (23 percent) of all owners of single family homes with mortgages owe more on a mortgage than their home is currently worth. So?

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