I would venture that is nothing more than some individuals trying to second guess the market . . . and we are still in the early stages of this economic debacle. The initial massive layoffs, foreclosures, and bankruptcies have just begun . . . there is a lot more that will be occcurring. Time will tell how long these investors have to hold onto these properties before they can realize a profit . . . .five to seven years or longer?

Franco said consumers' worries about inflation, fueled by increasing prices at the gas pump, are now at an "all-time high" and are likely to rise further in the months ahead. She added that based on consumers' outlook on the economy, she believes there's little likelihood of a quick turnaround.
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Well, after the debacles of the costs of the unwarranted war against Iraq, coupled with the melt down of the "charade of a "booming economy", coupled with the fact that it will take 18 mos. to 3 years for "full disclosure" to be provided, whouldn't it be foolish to invest in a market that does not have much integrity to it?

The government (our representatives) should demand, by law, that full disclosure be provided to all potential investors. And any CEO, CFO or uppermanagement who doesn't rpovide FULL DISCLOSURE should be prosecuted to the fullest extent of the law for felony financial fraud. That might restore some faith in the market place.

Franco said consumers' worries about inflation, fueled by increasing prices at the gas pump, are now at an "all-time high" and are likely to rise further in the months ahead. She added that based on consumers' outlook on the economy, she believes there's little likelihood of a quick turnaround.
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Well, after the debacles of the costs of the unwarranted war against Iraq, coupled with the melt down of the "charade of a "booming economy", coupled with the fact that it will take 18 mos. to 3 years for "full disclosure" to be provided, whouldn't it be foolish to invest in a market that does not have much integrity to it?

The government (our representatives) should demand, by law, that full disclosure be provided to all potential investors. And any CEO, CFO or uppermanagement who doesn't rpovide FULL DISCLOSURE should be prosecuted to the fullest extent of the law for felony financial fraud. That might restore some faith in the market place.

The sales rise is probably more an aberration than anything else. It would seem to reflect that there remains some purchasing and offers the hope of a continued trend. It is more likely the result of people who were renting and waiting for a significant price drop to purchase. If this is so, most of the buying is finished and next months figures will reflect same.

ExxonMobil is starting to diversify it's holding by investing into buying new homes so they can become our landlords. They figure they might as well own every bit of our lives.

Yes, this is a joke, but at the same time I wonder just how much of the new home market $10 billion would buy? $10,000,000,000 / $250,000 = 40,000 homes