Posts Tagged ‘bottom’Housing Perspective: Existing Home SalesThis post first appeared on Minyanville. Put on those Rose-Colored glasses, it’s time again for the Existing Home Sales data: September sales came in 5.5% higher than last month, at 5.18 million (annualized) compared to estimates of 4.95 million Sales were 1.4% higher than last year — the first year-over-year increase in 3 years Inventory [...] Keepin’ It Real Estate: Realtors Try Used-Car Salesman TacticsThis post first appeared on Minyanville. That glitzy McMansion you’ve always wanted may finally be within reach. Or not. If nearly 3 years of home price declines, historically low interest rates and a relentless media barrage of half-truths from the National Association of Realtors haven’t been able to stabilize home prices, it’s doubtful a gimmicky [...] Housing MisconceptionsThis post first appeared on Minyanville. Washington is currently trying to sell the American public that its $700 billion bailout plan will help put a floor under falling home prices. And while the debate will rage over whether this is a good or bad thing, its not even true. The most beaten down real estate [...] NAR At it Again: Spin ControlCirios Real Estate The National Association of Realtors (NAR) released monthly housing data today that shows existing-home sales in July increased by a seasonally adjusted 3.1%. While this number may seem exciting and could be interpreted as a thaw in the housing crisis, most other data point in the opposite direction. Deeper into the report, [...] Housing Woosh, Part DeuxThis post first appeared on Minyanville and on our sister site Dawn Patrol. Reports are out this morning opining that Stockton, California represents a new hope for housing recovery. Hoping Stockton will lead the housing recovery is about like saying Alex Smith will lead the niners to the Super Bowl. It lacks a link to [...] Housing Inventory Eases, But No Recovery In SightThis post first appeared on Minyanville, and our sister site, Dawn Patrol. Another month, another attempt to use a single data point to foretell the bottom in the housing market. On the same day the Case Shiller Home Price Index reported the fastest drop in home prices on record (again), the Wall Street Journal released [...] |