The NAR announced that pending home sales rose for the fifth consecutive month. The Pending Home Sales Index,1 a forward-looking indicator based on contracts signed in June, rose 3.6 percent to 94.6 from an upwardly revised reading of 91.3 in May, and is 6.7 percent above June 2008 when it was 88.7. The last time there […]
Posts Tagged ‘home sales’
Pending Home Sales Increase But Are They Keeping Up With Supply?
Posted by Tom Lindmark on August 4th, 2009
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San Diego New Homes Selling Briskly
Posted by Tom Lindmark on May 3rd, 2009
As far as I’m concerned the jury is still out on the housing market but I’m not going to ignore some signs that things may be turning around. The preponderance of foreclosures in the existing sales numbers has led a lot of analysts to suggest that bargain hunters and investors are driving the market and […]
Economic Reports: Not As Good As They Look
Posted by Tom Lindmark on January 26th, 2009
There were a couple of rays of economic sunshine this morning in reports on existing home sales and leading indicators. Analysts immediately set about trying to dispel any hint of optimism. Existing home sales for December increased to a seasonally adjusted annual rate of 4.74 million from a 4.45 million pace in November. For the […]
The Real Skinny On The Housing Numbers
Posted by Tom Lindmark on December 23rd, 2008
File this under posts I wish I had written. Calculated Risk has a new post that adjusts home sales for population. It is must reading. A few people have noted that all of the worst since … articles have understated the depth of the problem. The problem in comparing worst, say existing home sales to […]
