Buying and Selling: Spiking The Punch

For those who think there's a big conspiracy between lenders, the gov't, and so on to promote home buying in a bubble market, I gotta say, it's looking more like one hand is not washing the other.

Today the Commerce Department reported yet another "unexpected" spike in new home sales. Now, if you recall, Commerce also said that new home construction was up, even as the MBA report said that demand was down.

Oh, we'd NEVER claim that the current administration would release misinformation or anything like that, but they should at least be getting their compatriots on the same page, yes?

Things like this just make it tougher for buyers and sellers to really make informed decisions. It contributes to an atmosphere of anxiety, which is the LAST place home buyers should be in when making the biggest decision of their lives.

I must once again pimp June Fletcher and the Real Estate Journal, for today she offers some sage advice on knowing the truth about a local market. Do your research, talk to your people, and make lots of comparisons. Impulse buys are for things like handbags, DVDs, and so on. When it comes to the brick and mortar, don't drink the Kool-Aid until you're sure it hasn't been spiked. :)

Posted at June 26, 2006 12:42 PM

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For those who think there's a big conspiracy between lenders, the gov't, and so on to promote home buying in a bubble market, I gotta say, it's looking more like one hand is not washing the other. Today the Commerce Department reported yet another "unexpected" spike in new home sales. Now, if you recall, Commerce also said that new home construction was up, even as the MBA report said that demand was down. Oh, we'd NEVER claim that the current administration would release misinformation or anything like that, but they should at least be getting their compatriots on the same page, yes? Things like this just make it tougher for buyers and sellers to really make informed decisions. It contributes to an atmosphere of anxiety, which is the LAST place home buyers should be in when making the biggest decision of their lives. I must once again pimp June Fletcher and the Real Estate Journal, for today she offers some sage advice on knowing the truth about a local market. Do your research, talk to your people, and make lots of comparisons. Impulse buys are for things like handbags, DVDs, and so on. When it comes to the brick and mortar, don't drink the Kool-Aid until you're sure it hasn't been spiked. :)