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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (256162)	6/23/2010 3:39:46 AM
From: Skeeter Bug	Respond to of 306849

wait until they tell you that the pipe itself is gone due to debris in the 20k-70k psi environment sanding down the 2" pipe to nothing. i hear it is already down from 2" to 1". the volatile organic compounds at 1000x safe levels (benzene) in the atmosphere should eventually come out. wait until the hurricanes hit.

To: stockman_scott who wrote (256162)	6/23/2010 10:32:29 AM
From: RetiredNow	Read Replies (2) \| Respond to of 306849

New home sales plummet to record low money.cnn.com New home sales plummeted to a record low in May, the first month following the expiration of the homebuyer tax credit, snapping a two-month streak of increases. New home sales declined 32.7% to a seasonally adjusted rate of 300,000 last month, down from an downwardly revised 446,000 in April, the Commerce Department reported Wednesday. Sales year-over-year were down 18.3%. A consensus of economists surveyed by Briefing.com had expected May sales to slide to an annual rate of 430,000. Home sales surged in March and April and as homebuyers scrambled to sign contracts ahead of the April 30 deadline for the tax credit. First-time homebuyers qualified for a tax credit up to $8,000, while repeat buyers could get as much as a $6,500 break. Homebuyers have until June 30 to close deals, but the Senate may vote to push that deadline back to Sept. 30. A real estate industry report released earlier this week showed that existing home sales, based closed sales rather than signed contracts, slipped slightly last month but remained elevated.