"It's a "tale of two markets"
Guess which sector isn't being hurt?
Please see: Building Up the AmeriKan Economy
The Economic Propaganda is Working
I'm getting these up as quick as possible; I'm tired of the BG and its business BS.
"Home prices, sales plunge in Bay State" by Jenifer B. McKim, Globe Staff | May 27, 2009
The spring real estate market in Massachusetts so far is looking like a bust.
The number of homes and condominiums that sold in April plummeted and prices dropped as well, as the housing market showed no sign of shaking off its doldrums. Local agents say the slow start to the crucial spring season has several causes, from the sluggish economy to picky buyers holding out for bargains....
Many housing specialists were hoping this spring would be busier....
Yeah, we all had such hopes about so many things....
But growing unemployment and corporate retrenchment have made some buyers skittish, while tighter lending guidelines have made it more difficult for some to get mortgages.
"The prices are low and the interest rates are low, but the banks aren't lending," said Aliza Dash, a real estate agent at Ford Realty Brookline....
WTF do you mean the BANKS AIN'T LENDING!!
The AmeriKan TAXPAYERS have POURED TRILLIONS into them and they AIN'T LENDING?
That makes Geithner and the rest of the Fed and government boys LIARS, don't it?
Yeah, FIX the CREDIT MARKETS, my ass; the banks POCKETED the DOUGH, folks! In other words, LOOTED and STOLE IT!!!!!!
"We still haven't found the bottom, and even when we find the bottom things are going to go sideways," said Bill Wendel, owner of the Real Estate Cafe, an online buyers' service in Cambridge....
The traditionally desirable, upper-market communities of Cambridge, Brookline, and Sudbury have seen prices hold relatively steady or even increase this year....
You see, readers?
But business is more brisk in communities with inner-city neighborhoods that have a high number of foreclosures: Lynn, Worcester, and Brockton are seeing spikes in sales because home prices have dropped so much, driven down in part by the foreclosures flooding those markets.
It's a "tale of two markets," said Nicolas Retsinas, director of Harvard University's Joint Center for Housing Studies. One market is dominated by motivated sellers, including banks trying to unload foreclosed properties and distressed homeowners seeking a short sale....
Not me; those are your vultures of the real estate elite.
The other market is the traditional one of buyers and sellers, which is stalled....
That's me and you, shit-chomping 'murkn!
The housing markets in the rest of the country are like Massachusetts: slow....
So why the puff-piece lies and stroking with s***, MSM? WTF?
--more--"
