Posts Tagged ‘existing home sales’Housing Perspective: August Existing Home SalesThe resolve of the nascent US housing market recovery is about to be put to the test. Existing home sales slipped in August, breaking a string of four straight months of rising sales. Purchases fell 2.7% in August from the month before, which was below analysis expectations, according to Bloomberg, One kernel of good news [...] Housing Perspective: July Existing Home SalesEclipsing even the most optimistic expectations, July existing home sales registered a 2-year high this morning, jumping 7.2% from last month. According to Bloomberg, the National Association of Realtors (or NAR) reported that transactions climbed to a 5.24 million annualized pace, the highest rate since August of 2007. NAR chief economist Lawrence Yun, the man [...] Housing Perspective: June Existing Home SalesLies, damn lies and (NAR) statistics. Indeed. The National Association of Realtors (or NAR) released data today showing that sales of existing homes crept up in June, the 3rd consecutive up month. While sales were a touch lower than they were a year ago, the annualized, seasonally adjusted sale figure was up 3.6% from May. [...] Housing Perspective: March Existing Home SalesEconomic data is inherently backwards looking. Forecasts, estimates and any other prediction of the future is a stab in the dark likely based on an esoteric predictive model and a bunch of educated guesses. And of all the economic phenomena, the hardest of all to predict is the cusp, the turning point. Nevertheless, despite the [...] Housing Perspective: January Existing Home SalesBy AUSTIN NELSON Nationwide home values continue to decline into the New Year. The National Association of Realtors (NAR) released existing home sales data today for January, indicating an overall 3.1% decline in the median sales price of US homes from the previous month. This drop follows the same national trend we have been seeing [...] |