tag:blogger.com,1999:blog-7982981413278241287.post7804725137303949330..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Existing Home Sales Number Even More Bearish Than Headline Suggests...Dave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7982981413278241287.post-79287148063325808512010-03-23T09:58:04.202-06:002010-03-23T09:58:04.202-06:00Yes I can blast them. And I intend to go over KB&...Yes I can blast them. And I intend to go over KB's numbers and look for accounting bullshit. Sales "stabilized" slightly because of the tax credit. KB is mostly a middle market/low-end homebuilder with a 200k or lower price point. That has fed right into the first time homebuyers using the $8500 tax credit as part of their down payment.<br /><br />These numbers are abysmal.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-50053136159620634542010-03-23T09:51:31.438-06:002010-03-23T09:51:31.438-06:00KB home CEO said this AM that home sales are stabi...KB home CEO said this AM that home sales are stabilizing. That might very well be true but just look at the level of where it is stabilizing and then look at the components of sales. Not exactly encouraging, but you cannot blame home builders and realtors for showing optimism.Halnoreply@blogger.com