Sales of U.S. New Homes Unexpectedly Fall to Nine-Month Low

Wait, now is the time to buy.

Price, price, price is the new Location, location, location.

With the exception of Long Island City - as a "location".

Price, price, price is the new Location, location, location.

agree, but add square footage to price

this dip wasn't unexpected at all:

http://bit.ly/7L1EqB

ali

Yep $500 psf was not unexpected at all. No by me anyway. Oh and fed's exit from mortgage rate mkt and ensuing 100bps baseline increase in rates will definitely kick NYC re. I've no doubt about that either. Does the 'knowing' attitude of a broker make a lemming feel better? Just so I know, Ali did you know we were in a bubble in 2007? Did you 'know' that. Plz lay out all the things you 'know' and why NYC re is a buy today versus nxt yr?

http://www.scribd.com/doc/24712050/Goldman-Sachs-Research-10-Questions-for-2010?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+EtfdeskTopNewsAndInvestmentIdeas+%28ETFDesk+Top+News+and+Investment+Ideas%29

read it and tell me where the fire is.

"and why NYC re is a buy today versus nxt yr?" That's an easy one. It's a buy this year because if it weren't there wouldn't be any borker commissions, and we can't have that.

Its all bullish. Manhattan RE will always go up, no matter what. Because Dolly said so.

lagging effect of what happens after a surge from a govt tax credit to buy and then sales soonafer cant maintain the pace...story of 2010 will be waning off of all stimulus, tax credits, etc..

w67 I wrote in 2007 that it was "crack" for people to be able to buy homes by less than 3% down, and it's in a book so I can prove it.

ali

ali, nice! But w67th wrote a book too:

http://bit.ly/b89dOU

How'd ya find it bjw?

Back-porch, which obviously brings up the nxt q? Did ya represent any buyer in all of 2007? 2008? 2009? 2010? Will u represent a buyer in 2011 knowing full well NYC re will be very very challenged? The only way I would ever represent a buyer in this time period is if th 'home' in question represented a small portion of liquid assets and they knew where I felt mkt was heading.

w67th, the rainbow gave it away.

"The only way I would ever represent a buyer in this time period is if th 'home' in question represented a small portion of liquid assets and they knew where I felt mkt was heading."

w67th, I get it, but just don't think it's a broker's place to act as financial advisor - that's not the job. If someone wants to buy, you can lay out the reality of the situation, but when it comes down to it, it's the individual responsible for his/her own cash.

Yes agreed. That's why at your first meeting with a broker the following should be stated.

' I am no your father/mother. I don't care about your finances and will work diligently to work the least amount possible to earn my 6%, if you want cancer advice go see a doc, if you want to know the weather watch the weather man, if you want to know if you should buy a home or if you can afford it, I'm the last person you should speak to..... Now plz sign your buyer's exclusive with me.' thank you and have a nice day.