Romney has picked Paul Ryan as running mate

[Janice]

Liberals are like chickens, every day is a new life with no recall of the previous day, hence, no learning.

Good analogy.

[txradioguy]

You have google.

Not how it works here idiot. You made the claim...YOU provide the source.

[Zeus]

36% of the sales in July were distressed properties.

Based on what Criteria ?

given the current state of the real estate mkt any property can be considered depressed . Then again any property that sells is no longer a depressed property.

[Rockntractor]

Not how it works here idiot. You made the claim...YOU provide the source.

This is common with liberals when they come here, they site facts, figures and studies with no links and often with no knowledge of the authors and we are to provide links for them to support their absurd positions. If you have an opinion that is fine, share it. If you want to site someone else provide a link or if not available online at least the author.

[Novaheart]

Based on what Criteria ?

Bank owned and short sales. Of course, any market report from the Association Of Realtors (other than raw numbers) should be seen as optimistic, since to my knowledge they have no way of knowing what the shadow inventory is or the foreclosure marketing strategies of the major players are, other than to try to keep a balance between price and carrying cost. In other words, it's reasonable to assume that the market is even worse than it appears.

As usual, everything around here is relative to the waterfront properties.

[Novaheart]

This is common with liberals when they come here, they site facts, figures and studies with no links and often with no knowledge of the authors ........

And it's also common to waste your time answering some idiot like Zathras who has the intellect of a chimp and the attention span of a flea.

[Rockntractor]

And it's also common to waste your time answering some idiot like Zathras who has the intellect of a chimp and the attention span of a flea.

Your posts here are readable by everyone though few read past the first sentence and a half that you type, only the PM's are person to person.

[Zathras]

You have google.

You're the one making the claim Nova, not me. It's up to the person making the claim (you) to provide facts to back up their claims, not the person asking (me) you to do so. Therefore it's up to you to provide the facts to your claims, not me.

Good thing you're not a lawyer....you'd suck at it.

[Zathras]

And it's also common to waste your time answering some idiot like Zathras who has the intellect of a chimp and the attention span of a flea.

Translation: I can't back up what I post with facts when asked to do so I'm going to call people names and insult them.

Thanks for conceeding and admitting I'm right that you don't use facts to back up your claims that you post here on CU.

[Zeus]

Bank owned and short sales. Of course, any market report from the Association Of Realtors (other than raw numbers) should be seen as optimistic, since to my knowledge they have no way of knowing what the shadow inventory is or the foreclosure marketing strategies of the major players are, other than to try to keep a balance between price and carrying cost. In other words, it's reasonable to assume that the market is even worse than it appears.

As usual, everything around here is relative to the waterfront properties.

Actually Local ,state and National Association of Realtors are an invaluable source of information for gauging the state of the market. Realtors are the ones tasked with marketing properties for banks.

That said there is more to determining if a market is depressed than current sales & types. Historical tracking comes into play by comparing current stats with conditions 6 month to a yr ago,sometimes as much as 5 yrs ago.

While some markets are having a hard time of it others are thriving but the overall status I believe is things are picking up slowly but surely. While interest rates are at historical lows credit requirements have tightened knocking a sizable chunk of prospective buyers out of the market.