Headlines and the important question would Warren Buffett buy Alibaba because this is where the money is

Hi fools welcome to Monday's financials edition of Where the Money is.

I'm financial analyst Michael Douglas and I'm here with senior banking specialist John Maxfield.

John, how's it going?

It's going great, thanks.

Is the weather good in Portland? It's finally, you know what, it's finally started to rain, which to most people they might not like that,

but for us here in Portland, it's wonderful.

So it's something you're used to, so it's nice to kind of have that warm comforting cold drizzly feeling from time.

That's exactly right.

All right cool. Well let's jump right in then first headline is US existing home sales fall 1.8% in August.

This is courtesy of our friends at the Wall Street Journal.

This is the first time in five months that US existing home sales

haven't fallen sort of month over month.

Compared to July they're down as I said 1.8 percent and compared to August of 2013 they

were down by 5.3 percent year over year. So John what's the story here? Well you know there's a lot of

a lot of angst that was built up that they're saying that this new news

came out and it caused talks to go down. But really volatility like this is much

ado about nothing and it's something that we should expect in the housing market right now.

So the two fundamental things that we do know that really should be driving how you think about

the housing market.

Our first, that housing affordability is still really high and that's a result of low interest

rates.

...