September's Home Price Rise Shows Biggest Gain in 6 Years, CoreLogic Reports

Quote:WASHINGTON -- A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery.

The real estate data provider also said Tuesday that prices declined 0.3 percent in September from August, the first drop after six straight increases. The monthly figures are not seasonally adjusted. CoreLogic says the monthly decline reflects the end of the summer home-buying season and not a softening in the housing recovery.

Suburban Republican homeowners doing their part. Don't see many urban liberals, and welfare folks buying home improvement goods.

lol you're a crazy person

So housing is less affordable. Ought to go over well w/ all the unemployed folks.

As President Obama approaches greatness with the passage of immigration reform, Affordable Care Act and the Grand Bargain. He will be remembered most fondly for saving the economy by those sculpting his likeness on Mt. Rushmore.

(11-13-2012 01:54 PM)Redwingtom Wrote:  September's Home Price Rise Shows Biggest Gain in 6 Years, CoreLogic Reports

Quote:WASHINGTON -- A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery.

The real estate data provider also said Tuesday that prices declined 0.3 percent in September from August, the first drop after six straight increases. The monthly figures are not seasonally adjusted. CoreLogic says the monthly decline reflects the end of the summer home-buying season and not a softening in the housing recovery.

Sounds good but there's a lot of stuff still needing to be foreclosed on and lots of homes people want to sell that aren't selling. Once all that hits the market prices will decrease, again.

(11-13-2012 03:35 PM)Mr. Peanut Wrote:  As President Obama approaches greatness with the passage of immigration reform, Affordable Care Act and the Grand Bargain. He will be remembered most fondly for saving the economy by those sculpting his likeness on Mt. Rushmore.

Exactly what did he do to save the economy? The way I see it, the economy is fighting back against Obama and gained a little ground. This is hardly an accomplishment for the man who wants $5 gas and to see gas companies go bankrupt - those are his words, not mine.

(11-13-2012 03:44 PM)smn1256 Wrote:  

(11-13-2012 03:35 PM)Mr. Peanut Wrote:  As President Obama approaches greatness with the passage of immigration reform, Affordable Care Act and the Grand Bargain. He will be remembered most fondly for saving the economy by those sculpting his likeness on Mt. Rushmore.

Exactly what did he do to save the economy? The way I see it, the economy is fighting back against Obama and gained a little ground. This is hardly an accomplishment for the man who wants $5 gas and to see gas companies go bankrupt - those are his words, not mine.

His results however have been more oil production than was even dreamed possible 5 years ago and we will be the worlds # 1 producer by 2020 per todays WSJ

(11-13-2012 03:46 PM)Mr. Peanut Wrote:  His results however have been more oil production than was even dreamed possible 5 years ago and we will be the worlds # 1 producer by 2020 per todays WSJ

Those aren't his results bub. Leases are down on federal lands, up on private and state owned lands. That's where the boom is coming, not from anything Obama did. And production is up because of decisions that were made before Obama ever got into office.

(11-13-2012 03:46 PM)Mr. Peanut Wrote:  

(11-13-2012 03:44 PM)smn1256 Wrote:  

(11-13-2012 03:35 PM)Mr. Peanut Wrote:  As President Obama approaches greatness with the passage of immigration reform, Affordable Care Act and the Grand Bargain. He will be remembered most fondly for saving the economy by those sculpting his likeness on Mt. Rushmore.

Exactly what did he do to save the economy? The way I see it, the economy is fighting back against Obama and gained a little ground. This is hardly an accomplishment for the man who wants $5 gas and to see gas companies go bankrupt - those are his words, not mine.

His results however have been more oil production than was even dreamed possible 5 years ago and we will be the worlds # 1 producer by 2020 per todays WSJ

1. It was you guys who said it took years to see oil production materialize after a project was approved..

2. And it was Bush, the oil man you all criticized, who got the ball rolling.

(11-13-2012 03:44 PM)smn1256 Wrote:  

(11-13-2012 03:35 PM)Mr. Peanut Wrote:  As President Obama approaches greatness with the passage of immigration reform, Affordable Care Act and the Grand Bargain. He will be remembered most fondly for saving the economy by those sculpting his likeness on Mt. Rushmore.

Exactly what did he do to save the economy? The way I see it, the economy is fighting back against Obama and gained a little ground. This is hardly an accomplishment for the man who wants $5 gas and to see gas companies go bankrupt - those are his words, not mine.

The economy was bottoming out before he got there, and what he has done with "stimulus" and other policies is to stunt the return. If he gets the things he wants in his second term, you can kiss the economy goodbye forever.

Obamacare will mean spending more for worse health care for 80% of Americans. Don't take my word for it, CBO says that's how they'll contain costs. Not exactly approaching greatness.

Since we have no idea what the Grand Bargain will ultimately entail, who knows what impact it will have.

Yeah, that's Rushmore stuff all right. Sure, right.

(11-13-2012 03:46 PM)Mr. Peanut Wrote:  His results however have been more oil production than was even dreamed possible 5 years ago and we will be the worlds # 1 producer by 2020 per todays WSJ

No it is not more oil production than was deemed possible 5 years ago, except by the left who said more drilling would have no significant impact. The people saying "drill, baby, drill" were the ones who expected this result. And this result is attributable to Bush, not Obama. Remember it was the left who said it would take "10 years" for driling to produce anything.

(11-13-2012 03:53 PM)Owl 69/70/75 Wrote:  

(11-13-2012 03:44 PM)smn1256 Wrote:  

(11-13-2012 03:35 PM)Mr. Peanut Wrote:  As President Obama approaches greatness with the passage of immigration reform, Affordable Care Act and the Grand Bargain. He will be remembered most fondly for saving the economy by those sculpting his likeness on Mt. Rushmore.

Exactly what did he do to save the economy? The way I see it, the economy is fighting back against Obama and gained a little ground. This is hardly an accomplishment for the man who wants $5 gas and to see gas companies go bankrupt - those are his words, not mine.

The economy was bottoming out before he got there, and what he has done with "stimulus" and other policies is to stunt the return. If he gets the things he wants in his second term, you can kiss the economy goodbye forever.

Obamacare will mean spending more for worse health care for 80% of Americans. Don't take my word for it, CBO says that's how they'll contain costs. Not exactly approaching greatness.

Since we have no idea what the Grand Bargain will ultimately entail, who knows what impact it will have.

Yeah, that's Rushmore stuff all right. Sure, right.

The stimulas turned the economy around on a dime and we immediately started gaining jobs after hemoraging 700,000 per month at the end of Dubya's tenure to go along with an GDP shrinking at a rate of almost 9%

(11-13-2012 03:55 PM)Owl 69/70/75 Wrote:  

(11-13-2012 03:46 PM)Mr. Peanut Wrote:  His results however have been more oil production than was even dreamed possible 5 years ago and we will be the worlds # 1 producer by 2020 per todays WSJ

No it is not more oil production than was deemed possible 5 years ago, except by the left who said more drilling would have no significant impact. The people saying "drill, baby, drill" were the ones who expected this result. And this result is attributable to Bush, not Obama. Remember it was the left who said it would take "10 years" for driling to produce anything.

I am just keeping it real while touting the presidents achievements

Owl, I haven't seen much of anything that would support your claims concerning the stimulus. The harshest criticisms I've ever seen levied against it were that it wasn't effective, which is a far from causing more economic problems.

(11-13-2012 03:59 PM)UCF08 Wrote:  Owl, I haven't seen much of anything that would support your claims concerning the stimulus. The harshest criticisms I've ever seen levied against it were that it wasn't effective, which is a far from causing more economic problems.

It was very effective and laden with tax cuts (40% of the stimulus)

(11-13-2012 03:57 PM)Mr. Peanut Wrote:  The stimulas turned the economy around on a dime and we immediately started gaining jobs after hemoraging 700,000 per month at the end of Dubya's tenure to go along with an GDP shrinking at a rate of almost 9%

No, no, no.

We've been being told for years that employment is a "lagging indicator." If that's right, then the economy turned around before Obama took office. What the "stimulus" did do, if you look on one of Max's ubiquitous graphs, is to create a little flurry around the 4Q 09/1Q 10. That's about the right delay time for the effect. It didn't last because the "stimulus" wasn't about creating lasting growth. Even its supporters admit that it was just to bridge the gap until the economy started coming back on its own. One small problem, this economy ain't coming back until we address the underlying problems. And that ain't happening any time soon.

(11-13-2012 03:59 PM)UCF08 Wrote:  Owl, I haven't seen much of anything that would support your claims concerning the stimulus. The harshest criticisms I've ever seen levied against it were that it wasn't effective, which is a far from causing more economic problems.

What claims?

(11-13-2012 03:55 PM)Owl 69/70/75 Wrote:  

(11-13-2012 03:46 PM)Mr. Peanut Wrote:  His results however have been more oil production than was even dreamed possible 5 years ago and we will be the worlds # 1 producer by 2020 per todays WSJ

No it is not more oil production than was deemed possible 5 years ago, except by the left who said more drilling would have no significant impact. The people saying "drill, baby, drill" were the ones who expected this result. And this result is attributable to Bush, not Obama. Remember it was the left who said it would take "10 years" for driling to produce anything.

Once again, you are ignoring reality and trying to re-write history. The argument back then was not that increased drilling alone would not produce anything, but that it would not reduce the price per gallon by any significant amount...and it is not.

(11-13-2012 04:02 PM)Mr. Peanut Wrote:  

(11-13-2012 03:59 PM)UCF08 Wrote:  Owl, I haven't seen much of anything that would support your claims concerning the stimulus. The harshest criticisms I've ever seen levied against it were that it wasn't effective, which is a far from causing more economic problems.

It was very effective and laden with tax cuts (40% of the stimulus)

There were no tax rate cuts in the "stimulus." The "tax cuts" were handouts that were processed through the tax system. If you want to call them "tax cuts" I suppose that is your right. But they are not "tax cuts" in any traditional sense of the term, and they certainly did not have the impact that the tax cuts wanted by republicans would have had.