Delores Conway, real estate economist at the University of Southern California, talks about the state of the housing market with MarketWatch’s Stacey Delo. (Jan. 27)
(Jan. 27)
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
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January 29th, 2009 at 2:42 pm
Why does this MarketWatch reporter talk like a moron/drunk? Budget cuts?
January 29th, 2009 at 2:51 pm
summary: buy now! if you want to be stuck for at least several years catching knives… funny how they don’t tell you the property taxes, maintainance etc would make renting way more attractive.
January 29th, 2009 at 5:50 pm
Standard bubble-blowing talk, except this truth at the end: “…because when prices do rebound, they’re not going to rebound quickly–they’re going to go up slowly.”