Home Sales Will Hit A 5 Year High…Maybe!

Posted in Real Estate by Jake on September 22, 2012 No Comments yet

“Sales of existing single family homes and condominiums beat expectations for August, rising to the highest level since May of 2010, when the government’s home buyer tax credit juiced sales temporarily. This time it could be argued that the government stimulus behind sales is record low mortgage rates, but that may not be all of it. Close to one third of the homes that sold in August went to buyers using all cash, despite average rates on the 30-year fixed sitting around 3.6%. Rates appear to have less of an impact than hoped. Witness mortgage applications to purchase a home fell 4% last week, even as rates fell to record lows on the Mortgage Bankers Association’s weekly survey. ‘The strengthening housing market is occurring even with difficult mortgage qualifying conditions, which is testament to the sizable stored-up housing demand that accumulated in the past five years,’ said the National Association of Realtors’ chief e conomist Lawrence Yun. With the August jump of 7.8% from July, Realtors now say they are confident that home sales for all of 2012 will hit their highest level in five years. They do warn that there are still ‘frictions’ in the market, not the least of which are about 12 million borrowers who owe more on their mortgages than their homes are worth. These so-called ‘underwater’ borrowers are largely stuck in place, unable to cover their debt and unable to move up. ‘Bottom line, housing continues to recover, but the bounce still has to be put into the perspective of how much damage was done,’ notes Peter Boockvar at Miller Tabak. ‘Looking specifically at single family homes, at a sales level of 4.30mm, it’s back to where it was in 1998 and of course still well below the bubble high of 6.34mm in Sept ’05.’

Still More Distressed Property On The Horizon

As positive data begin to outnumber negative, analysts warn of a large pipeline of distressed properties that are still weighing down a potentially more robust recovery. Foreclosure activity increased in August, and states that had all but halted the process on thousands of properties, due to judicial challenges to paperwork, are now ramping up again. This will add lower-priced properties to an already low volume of homes for sale. The question is, will that distress be absorbed quickly by investors and cease to have the negative impact on surrounding properties and consumer sentiment that foreclosures have had in years past? Investors, big and small, continue to move into this market, unafraid that rent prices will fall any time soon. ‘The demand for rental housing is incredible,’ said former GE CEO and author Jack Welch on CNBC Wednesday. ‘The home rental idea is moving strongly.’ As for the latest news on housing starts? ‘We’re going nowhere in housing,’ Welch replied. Home sales usually get a slight boost in early fall before tapering off to the slowest season around the holidays. Regardless of seasonality, the numbers are improving, while the barriers to entry, like credit and nega tive equity, remain. The two will duke it out slowly in these next few months, until a stronger improvement in jobs and more certainty over regulatory changes in the mortgage market finally let the bulls run free.”

Obama Is A Phoney Hypocrite And Must Be Sent Packing!

Posted in Politics by Jake on September 19, 2012 No Comments yet

The O-man, Barack Hussein Obama, is an eloquently tailored empty suit.  No resume, no accomplishments, no experience, no original ideas, no understanding of how the economy works, no understanding of how the world works, no balls, nothing but abstract, empty rhetoric devoid of real substance.

He has no real identity.  He is half-white, which he rejects.  The rest of him is mostly Arab, which he hides but is disclosed by his non-African Arabic surname and his Arabic first and middle names as a way to triply proclaim his Arabic parentage to people in Kenya .  Only a small part of him is African Black from his Luo grandmother, which he pretends he is exclusively.

What he isn’t,  not a genetic drop of,  is ‘African-American,’  the descendant of enslaved Africans brought to America chained in slave ships.  He hasn’t a single ancestor who was a slave. Instead, his Arab ancestors were slave owners.  Slave-trading was the main Arab business in East Africa for centuries until the British ended it.

Let that sink in: Obama is not the descendant of slaves, he is the descendant of slave owners. Thus he makes the perfect Liberal Messiah.

It’s something Hillary doesn’t understand – how some complete neophyte came out of the blue and stole the Dem nomination from her.  Obamamania is beyond politics and reason.  It is a true religious cult, whose adherents reject Christianity yet still believe in Original Sin, transferring it from the evil of being human to the evil of being white.

Thus Obama has become the white liberals’ Christ, offering absolution from the Sin of Being White.  There is no reason or logic behind it, no faults or flaws of his can diminish it, no arguments Hillary could make of any kind can be effective against it.  The absurdity of Hypocrisy Clothed In Human Flesh being their Savior is all the more cause for liberals to worship him: Credo quia absurdum, I believe it because it is absurd.

Thank heavens that the voting majority of Americans remain Christian and are in no desperate need of a phony savior.

His candidacy is ridiculous and should not be taken seriously by any thinking American.

Article courtesy:   Jack wheeler

 

Obama Will Kill Us With Taxes…

Posted in Politics by Jake on September 5, 2012 No Comments yet

FOR ALL POLITICAL PARTIES…………..

Do not let the Democratic National Convention fool you into believing that Obama has your best interest at heart!  He cares only about himself and his re-election.  He has an agenda for this country that will forever change our way of life,  our ability to compete in the world and our security throughout the world.  The philosophy is simple…make the majority of the masses dependent on government welfare programs and income redistribution and you control the political process and the social fabric of our nation.

Progressive liberals have already invaded every sacred and respectable moral position that this country was founded on with devastating results.  There is no respect for work ethic or faith in God.  Children’s rights have trumped  consent for parental oversight and disciplinary discretion at home and school resulting in lower academic achievement and a complete lack of respect for adult authority.  Our society is being dumbed down right before our eyes!  Abortion has become the acceptable cure all for a generation of people that place more importance on being tatooed and sexually promiscuous than striving to create a better society… with the exception of the welfare mother who has children to increase her welfare check and enrich her lifestyle at the taxpayers expense.  It’s a mess out there and Obama wants to make it even messier by expanding the revenue needed to support his liberal agenda and increase dependency on the government…all the while increasing the long term debt of our country.  HE NEEDS TO GO AWAY FOR GOOD!  Like…back to his pot smoking, ecstasy snorting life that we never hear anything about from the Obama loving media!  I don’t even want to see his face in politics at any level.  He is a deceitful, phoney destroyer of all things good in this country… all things that defined us as nation and gave reason for people to come here and create a better life.   If you want to create a better life for yourself and family now,  you have to hand over (through taxation) a larger amount of your money to the government, who will give it to those who are content riding the gravy train…because, you know,  it’s only fair!  OK  OK…  I’m done with that.  But you need to really think about what you are doing to the USA if you vote for that pompous Marxist!

 On another note…

Dick Morris is the man that helped get Clinton elected President twice, Governor of Arkansas three times and worked in the Clinton administration!  He is a respected news contributor and author… and he investigates before reporting and knows what he is talking about. He  has released a short,  must see” video… that you have to watch!  He is NOT a “phony” but rather a man who has been on both sides of the aisle and understands the course that we are on as a nation under Barrack Obama.  Barrack Obama is going to affect everyone in the worst possible way!  I only hope he can be stopped before The United States of America becomes the social sister to Greece and other European countries.

    Click here