4 replies to this topic

[Rogerdodger]

KBHomes said on Thursday net profit fell 84 percent and warned that higher foreclosures and tighter lending standards in the broader market could prolong weakness in the sector.
http://stockcharts.c...4129&r=6016.png

[da_cheif]

KBHomes said on Thursday net profit fell 84 percent and warned that higher foreclosures and tighter lending standards in the broader market could prolong weakness in the sector.
http://stockcharts.c...4129&r=6016.png

looks like the chart of clorox.....that tellsya one thing.....the name of the company dont mean ********......mite as well put a number on it.......445 was up 2 bux....657 was down 3 on news......lolol

[SandStorm]

KBHomes said on Thursday net profit fell 84 percent and warned that higher foreclosures and tighter lending standards in the broader market could prolong weakness in the sector.
http://stockcharts.c...4129&r=6016.png

NOOO. You are wrong. Subprime isn't gonna spread. No negative effect what so ever.

I'll help you out with an analogy. You share a rental with 3.

One of your housemate catches a flu and has been coughing and sneezing for days.

However, his problem is not yours. The rest of you will NOT catch a flu because it is NOT contagious.

Conventional wisdom from planet Venus.

[arbman]

Now, I am telling this to make you feel weird, but either my real estate broker is lying to get a sales going or there is something that the media is telling us that's overblown. The sub-prime borrowers (foreclosures etc) might be falling apart here, but he said he made more sales last month than last Feb. He said his firms sales volume for Feb was $140M vs last Feb of $40M, he thinks that the housing is showing a rebound in prices as well as the sales volume compared to the last year for the metro, especially the high end, housing areas while the high risk and low income areas might continue to correct in 2007. The last time we had such a flight at the height of the interest rates was during the 2000-2001 market top...

Anyway, the guys who are operating in the RE business on the board might want to say something more. We know that the builders are still saying, it is terrible for them...

- kisa

[pdx5]

Last year the homes in my sub-division were selling within a month. Right now there are 4 homes with "For Sale" sign for over 6 months on the average, still not sold. I think the sellers are in denial. They need to drop prices by 20%+. But they are not doing it. One house got foreclosed 2 years ago due to a divorce situation, and it was sitting empty for 6-7 months because the bank was in no hurry to sell either.