While The Daily Times had a feature article yesterday in the Business Section titled, House sales rise unexpectedly in February, today the Associated Press put out the following statement. Sales of new homes fell in February for the fourth straight month, pushing activity down to a 13-year low as the steep slump in housing continued.
The Daily Times stated sales rose 2.9% in February, yet today's article stated sales dropped 1.8 percent last month. That would be FEBRUARY, wouldn't it?
Oh well, while you're PAYING for their news and information, you're not getting your moneys worth, IMO.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
9 comments:
The Daily Times gets its information from the National Association of Realtors (NAR) who have published propaganda for years.
The "traditional" press does not verify this propaganda they repeat it.
Does anyone remember the recent TV campaign from the NAR, It's a great time to buy a house they ALWAYS GO UP IN VALUE....
Their MONOPOLY is wearing thin and people are sick of it.
Its 2 different statistics. Sales of existing homes rose unexpectedly in February. Sales of new homes (new construction) continued to decline in February.
2 different things.
I think the Feb. data was for EXISTING home sales, not new construction
Not sure, but The Daily Times probably gave the figure yesterday for "existing" home sales. The figures released today were for "new" home sales. There is a difference...
I don't pay for the times, I read it for free on their website.
I do too so we are both misinformed for free : )
Bosshogg, man you are right!
The NAR's Bull... IS is wearing thin and people are sick of it.
But, someone's gotta advertise in the Gannett papers. It's all about giving advertisers their money's worth.
Can you image the fools PAYING for that paper?
And what was Feb. increased over...January 08, or Feb. of last year?
Homes sell faster come closer to spring.
And how many of those existing home sales were due to foreclosure, near foreclosure, etc.?
New construction is down. So what else is new?
JOE,AFTER REVIEWING ALL THE PRINTED PROPAGANDA ABOUT THE HOUSING CRASH.I HAVE THE OPINION THIS WAS A SET UP FROM THE BEGINNING.THE BANKING INDUSTRY AND REALTORS NEW THE SUBPRIME LOANS WERE GONNA FAIL FROM THE START.wHO BOUGHT THE HOUSES USING THE SUBPRIMES? MINORITES!THEY WERE SAFE FOR 2 YEARS AND THEN THE LENDERS SHUT THE DOORS.
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