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Monday, January 25, 2010

Astonishing News: 16.8% Existing Home Sales Drop

68% WORSE than the "experts" thought it would be.

This is more of the "unexpected" news I told you to look out for (hint: search this blog for "unexpected") The 'first time home buyers tax credit' was to expire last year in November. People who would have closed in December rushed to close in November. All the demand that was pushed forward by buyers looking for that credit, was sucked right out of sales the next month.

Just exactly like Cash For Clunkers.

This is further proof that the Obama administration financial team is a gaggle of deranged bunglers. I told you this would happen and I haven't even finished my Associates' degree yet.

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