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	<title>The Wall Street Examiner &#187; Housing</title>
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	<description>Be prepared. Stay ahead of the herd.</description>
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		<title>Housing Fundamentals Improved, But Not Enough</title>
		<link>http://wallstreetexaminer.com/2012/01/12/housing-fundamentals-improved-but-not-enough/</link>
		<comments>http://wallstreetexaminer.com/2012/01/12/housing-fundamentals-improved-but-not-enough/#comments</comments>
		<pubDate>Fri, 13 Jan 2012 01:32:37 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
				<category><![CDATA[Economic and Financial]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Money and The Fed]]></category>
		<category><![CDATA[Professional Edition]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[Banking System]]></category>
		<category><![CDATA[Confidence In The System]]></category>
		<category><![CDATA[Current Market]]></category>
		<category><![CDATA[Decline]]></category>
		<category><![CDATA[Employment]]></category>
		<category><![CDATA[Game]]></category>
		<category><![CDATA[House Prices]]></category>
		<category><![CDATA[Inventory Problem]]></category>
		<category><![CDATA[Real Time]]></category>
		<category><![CDATA[Time Listings]]></category>
		<category><![CDATA[Walking Corpse]]></category>
		<category><![CDATA[Wh]]></category>
		<category><![CDATA[Willing Buyers]]></category>

		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=69265</guid>
		<description><![CDATA[Housing data in the past couple of months has been mixed. Lagging closed sales data shows prices declining. The problem with that is that the most current data represents sales closed in November, which for the most part were sales that went under contract in September. That tells us nothing about the current market. Real time listings data, which over time has correlated well with subsequently reported sales data is actually up on a year over year basis, suggesting that the decline in prices may have ended, at least for the time being. What is driving that is not an increase in demand. Most demand markers remain extremely weak. The number of willing buyers may have increased, but huge numbers of sales are falling through because of problems with financing. And while there are hints that the employment picture may be improving, employment has not improved enough to cause a sustained increase in demand that would lead to rising house prices. The supply of existing houses on the market has been radically reduced, but builders continue to build. As a result, there’s no evidence of any real improvement in the supply demand imbalance. That being said, the shadow inventory problem [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mortgage Bankers Association Orders Wall Street Examiner to Cease And Desist</title>
		<link>http://wallstreetexaminer.com/2011/11/23/mortgage-bankers-association-orders-wall-street-examiner-to-cease-and-desist/</link>
		<comments>http://wallstreetexaminer.com/2011/11/23/mortgage-bankers-association-orders-wall-street-examiner-to-cease-and-desist/#comments</comments>
		<pubDate>Wed, 23 Nov 2011 20:23:48 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
				<category><![CDATA[Editorial]]></category>
		<category><![CDATA[Email Bulletins Archive]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Today's Markets]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[Belief That]]></category>
		<category><![CDATA[Commercial Organization]]></category>
		<category><![CDATA[Critical Public Issues]]></category>
		<category><![CDATA[Current Information]]></category>
		<category><![CDATA[Failure]]></category>
		<category><![CDATA[Mba]]></category>
		<category><![CDATA[Mortgage Applications]]></category>
		<category><![CDATA[Mortgage Bankers Association]]></category>
		<category><![CDATA[Press Releases]]></category>
		<category><![CDATA[Redistribution License]]></category>
		<category><![CDATA[Reproduction]]></category>
		<category><![CDATA[Royalty]]></category>
		<category><![CDATA[Several Times]]></category>
		<category><![CDATA[Survey Data]]></category>
		<category><![CDATA[Vital Interest]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=62562</guid>
		<description><![CDATA[The Mortgage Bankers Association has sent me legal notice to &#8220;demand that wallstreetexaminer.com immediately remove all WAS data (Weekly Applications Survey) data, from its systems and cease and desist from further reproduction or distribution of all MBA data, past and present, in any format.&#8221; Regrettably, I must comply with this demand. I am not in a position to defend a lawsuit brought by a major commercial organization. The cost would be prohibitive. I have published my analysis and a chart of the mortgage applications data several times recently. I used only information that was widely disseminated both by the MBA in its press releases and published by major media to illustrate the critical public issues involved. MBA&#8217;s demand was based on my use of this data without a license: &#8220;The WAS is a revenue-generating data service of the MBA,&#8221; and the MBA has not granted the Wall Street Examiner a redistribution license, nor any permission to republish data points from the WAS. I was not aware, and do not believe, that compiling data from publicly available sources would violate a copyright. However, the MBA has given me notice that the MBA believes that it does. The MBA stated that redistributing [...]]]></description>
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		<slash:comments>7</slash:comments>
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		<item>
		<title>No Truth Coming From Mortgage Bankers Ass.</title>
		<link>http://wallstreetexaminer.com/2011/11/09/no-truth-coming-from-mortgage-bankers-ass/</link>
		<comments>http://wallstreetexaminer.com/2011/11/09/no-truth-coming-from-mortgage-bankers-ass/#comments</comments>
		<pubDate>Wed, 09 Nov 2011 19:53:18 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
				<category><![CDATA[Charts]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Email Bulletins Archive]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[Acco]]></category>
		<category><![CDATA[Ass]]></category>
		<category><![CDATA[Bloomberg]]></category>
		<category><![CDATA[Close Approximation]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[Graph]]></category>
		<category><![CDATA[Index Level]]></category>
		<category><![CDATA[Index Levels]]></category>
		<category><![CDATA[Indexes]]></category>
		<category><![CDATA[Last Time]]></category>
		<category><![CDATA[Lows]]></category>
		<category><![CDATA[Mortgage Applications]]></category>
		<category><![CDATA[Mortgage Bankers Association]]></category>
		<category><![CDATA[Mortgage Purchase]]></category>
		<category><![CDATA[Moving Average]]></category>
		<category><![CDATA[Percentage Changes]]></category>
		<category><![CDATA[Prospective Member]]></category>
		<category><![CDATA[Purchase Applications]]></category>
		<category><![CDATA[Temerity]]></category>
		<category><![CDATA[Test Chart]]></category>
		<category><![CDATA[Truth Out]]></category>

		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=60808</guid>
		<description><![CDATA[Apparently the MBAss (Mortgage Bankers Association) didn&#8217;t like the fact that someone in the financial blogo-wackosphere actually had the temerity to make use of real, hard data, that they hadn&#8217;t massaged. Now, not only do they not report the actual index level of their seasonally smoothed applications indexes, the charts of the not seasonally adjusted indexes have disappeared from Bloomberg.com in the past week. I doubt that Bloomberg would have pulled them on their own. Seems more likely that the MBAss wasn&#8217;t too happy about anyone actually reporting the truth. So unless Bloomberg relents or I can find the data elsewhere, it looks like last week&#8217;s report will be the last time we get to see what the actual purchase applications look like. For now, I&#8217;ll return to looking at the seasonally smoothed data which, while not the actual numbers, should give us an idea of the trend. The MBAss stopped reporting the actual index levels about a year ago, but they still report the weekly percentage changes, so it is possible to reproduce a close approximation of their index. Of course, if the news gets bad enough, like if purchase apps drop to new lows, they can always stop [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Housing Outlook Clouding Up Again, And It&#8217;s Not Just Supply</title>
		<link>http://wallstreetexaminer.com/2011/11/08/housing-outlook-clouding-up-again-and-its-not-just-supply/</link>
		<comments>http://wallstreetexaminer.com/2011/11/08/housing-outlook-clouding-up-again-and-its-not-just-supply/#comments</comments>
		<pubDate>Wed, 09 Nov 2011 01:03:09 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Money and The Fed]]></category>
		<category><![CDATA[Professional Edition]]></category>
		<category><![CDATA[3 Month]]></category>
		<category><![CDATA[Collapse]]></category>
		<category><![CDATA[Contracts]]></category>
		<category><![CDATA[Cutting Edge]]></category>
		<category><![CDATA[Edge Analysis]]></category>
		<category><![CDATA[Free Trial]]></category>
		<category><![CDATA[Liquidity]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Outlook]]></category>
		<category><![CDATA[Percentage Terms]]></category>
		<category><![CDATA[Pros And Cons]]></category>
		<category><![CDATA[Pros Cons]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Risk]]></category>
		<category><![CDATA[Seasonality]]></category>
		<category><![CDATA[Subscribers]]></category>
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		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=60708</guid>
		<description><![CDATA[Housing data over the past month has weakened. Part of that is normal seasonality, but the drop in contracts on existing homes in September was the worst in percentage terms since the housing collapse began. Although I believe that the supply problem is overblown, the last thing the market needs is further weakening in demand. But there&#8217;s more to the story. Here are the pros and cons. Click here to download complete report in pdf format (Professional Edition Subscribers). including 24 pages of charts and clear, cutting edge analysis that you can use to gain an edge in the market. Try the Professional Edition risk free for thirty days. If, within that time, you don&#8217;t find the information useful, I will give you a full refund. It&#8217;s that simple. 30 day risk free trial for new subscribers. Click here for more information. 3 month subscription to the Wall Street Examiner Professional Edition, Money-Liquidity-Real Estate package, renewing automatically unless canceled. Price: $89.00 By clicking this button, I agree to the Wall Street Examiner&#8217;s Terms of Use.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Glimmers of Housing Hope In Mortgage Applications Data</title>
		<link>http://wallstreetexaminer.com/2011/10/26/glimmers-of-housing-hope-in-mortgage-applications-data/</link>
		<comments>http://wallstreetexaminer.com/2011/10/26/glimmers-of-housing-hope-in-mortgage-applications-data/#comments</comments>
		<pubDate>Wed, 26 Oct 2011 14:57:06 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
				<category><![CDATA[Charts]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Email Bulletins Archive]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Appraisals]]></category>
		<category><![CDATA[Bloomberg]]></category>
		<category><![CDATA[Columbus Day]]></category>
		<category><![CDATA[Current Mortgage]]></category>
		<category><![CDATA[External Constraint]]></category>
		<category><![CDATA[Fallout]]></category>
		<category><![CDATA[Glimmers]]></category>
		<category><![CDATA[Hopeful Sign]]></category>
		<category><![CDATA[Hopeful Story]]></category>
		<category><![CDATA[Mbaa]]></category>
		<category><![CDATA[Media Outlets]]></category>
		<category><![CDATA[Meltdown]]></category>
		<category><![CDATA[Mortgage Applications]]></category>
		<category><![CDATA[Mortgage Bankers Association]]></category>
		<category><![CDATA[Nar]]></category>
		<category><![CDATA[Percentages]]></category>
		<category><![CDATA[Purchase Mortgage]]></category>
		<category><![CDATA[Real Estate Brokers]]></category>
		<category><![CDATA[Rock Bottom]]></category>
		<category><![CDATA[Seasonal Effects]]></category>
		<category><![CDATA[Signs Of Change]]></category>

		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=59532</guid>
		<description><![CDATA[Purchase mortgage applications rose 6.4% last week according to the Mortgage Bankers Association and major media outlets. As always, the media report only the seasonally adjusted data fed to them by the MBAA. Rarely should a week to week change have any seasonal effects, although last week would be an exception because the week before included Columbus day, when only a few hardcore addicts would be out taking apps. So the suppliers of the data make up a number to account for that, and off they go. By the same token, the not seasonally manipulated week to week figure is probably of equally little use. Week to week changes are rarely meaningful to begin with. We&#8217;re always more interested in the trend, and whether that trend is showing signs of change. For that purpose, the year to year change is far more important. Bloomberg provides a chart of that data, not seasonally massaged, going back 5 years, which includes the beginning of the housing meltdown. The year to year change in the latest reporting week (October 21) was a decline of 2.6%. That&#8217;s not good, considering that the market was already at rock bottom levels. But the picture of the [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<item>
		<title>Did The NAR Lie About August Pending Home Sales?</title>
		<link>http://wallstreetexaminer.com/2011/10/05/did-the-nar-lie-about-august-pending-home-sales/</link>
		<comments>http://wallstreetexaminer.com/2011/10/05/did-the-nar-lie-about-august-pending-home-sales/#comments</comments>
		<pubDate>Wed, 05 Oct 2011 21:05:20 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
				<category><![CDATA[Charts]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Email Bulletins Archive]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Competence]]></category>
		<category><![CDATA[Conflict]]></category>
		<category><![CDATA[Conflicts]]></category>
		<category><![CDATA[Contract Volume]]></category>
		<category><![CDATA[Critical Interest]]></category>
		<category><![CDATA[Lee Adler]]></category>
		<category><![CDATA[Machinations]]></category>
		<category><![CDATA[Mortgage Applications]]></category>
		<category><![CDATA[Mortgage Bankers]]></category>
		<category><![CDATA[Mortgage Purchase]]></category>
		<category><![CDATA[Nar]]></category>
		<category><![CDATA[Objectivity]]></category>
		<category><![CDATA[Purchase Applications]]></category>
		<category><![CDATA[Sales Contract]]></category>
		<category><![CDATA[Sales Contracts]]></category>
		<category><![CDATA[Thesis]]></category>
		<category><![CDATA[Transaction Prices]]></category>
		<category><![CDATA[Treasury]]></category>
		<category><![CDATA[Us Housing Market]]></category>
		<category><![CDATA[Volume Data]]></category>

		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=57757</guid>
		<description><![CDATA[Data released today by the Mortgage Bankers Ass. suggest that housing demand is again cratering. In the last week of September mortgage purchase applications were down about 12% versus the same week last year. This is similar to the difference at the end of August, when the drop was about 13%. Chart and data- Bloomberg The data conflicts with the NAR&#8217;s report that pending home sales (sales contracts) were up 13% percent year to year in August. One of these organizations must have it wrong. Cash sales haven&#8217;t increased enough to make up for a 13% drop in mortgage applications. Once again, there&#8217;s a suggestion that there&#8217;s something wrong with the NAR&#8217;s data. The NAR has previously revealed that its pricing data could not be trusted. Apparently neither can its volume data. This conflict between the mortgage applications data and NAR data on sales contract volume only raises more questions about the NAR&#8217;s objectivity and competence in reporting data in which the public has a critical interest. In the meantime, I need to rethink my thesis that the housing market has at least stopped getting worse. If the latest data on mortgage applications is correct, then demand may again be falling [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<item>
		<title>Home Sales Contracts Better than Media, NAR report</title>
		<link>http://wallstreetexaminer.com/2011/09/29/home-sales-contracts-better-than-media-nar-report/</link>
		<comments>http://wallstreetexaminer.com/2011/09/29/home-sales-contracts-better-than-media-nar-report/#comments</comments>
		<pubDate>Thu, 29 Sep 2011 16:25:41 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
				<category><![CDATA[Charts]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Editorial]]></category>
		<category><![CDATA[Email Bulletins Archive]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[4 Months]]></category>
		<category><![CDATA[Banks In The Us]]></category>
		<category><![CDATA[Calm]]></category>
		<category><![CDATA[Central Banks]]></category>
		<category><![CDATA[Collapse]]></category>
		<category><![CDATA[Critical Forces]]></category>
		<category><![CDATA[Employment Growth]]></category>
		<category><![CDATA[Government Tax]]></category>
		<category><![CDATA[Liquidity]]></category>
		<category><![CDATA[Long Time]]></category>
		<category><![CDATA[Machinations]]></category>
		<category><![CDATA[Nar]]></category>
		<category><![CDATA[Peak Levels]]></category>
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		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=57309</guid>
		<description><![CDATA[The mainstream financial media is widely misreporting the NAR&#8217;s Pending Home Sales data this morning, simply parroting the NAR&#8217;s seasonally manipulated data. As it turns out, the NAR is screwing its own pooch because the actual, not manipulated data is actually much better than the seasonally smoothed numbers imply. That&#8217;s not to say sales are great. They remain 25% below the peak levels reached during the bubble, but the fact is that sales were up in August, and not just by a little. They were up by 9.4% month to month, and were 13.1% above the level of last August. That&#8217;s the strongest August gain since at least 2001. It is clear that the collapse in prices is beginning to at least bring some buyers back into the market. While a high percentage of contracts are still falling through, this increase in demand over last year&#8217;s levels is not a one month wonder. It has now persisted for 4 months. It is not yet up to 2009 levels when the market was falsely stimulated by government tax breaks to buyers, but it is 3.4% above 2008 levels. Another key metric is the inventory to contracts ratio. That fell to 6.96 [...]]]></description>
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		<slash:comments>3</slash:comments>
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		<item>
		<title>Housing Picture No Darker</title>
		<link>http://wallstreetexaminer.com/2011/09/27/housing-picture-no-darker/</link>
		<comments>http://wallstreetexaminer.com/2011/09/27/housing-picture-no-darker/#comments</comments>
		<pubDate>Tue, 27 Sep 2011 22:46:44 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
				<category><![CDATA[Charts]]></category>
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		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Money and The Fed]]></category>
		<category><![CDATA[Professional Edition]]></category>
		<category><![CDATA[9 Months]]></category>
		<category><![CDATA[Activity Index]]></category>
		<category><![CDATA[Buyer Credit]]></category>
		<category><![CDATA[Closest Thing]]></category>
		<category><![CDATA[Continuous Basis]]></category>
		<category><![CDATA[Dead In The Water]]></category>
		<category><![CDATA[Housing Market]]></category>
		<category><![CDATA[Insolvent Banks]]></category>
		<category><![CDATA[Investment Value]]></category>
		<category><![CDATA[Long Haul]]></category>
		<category><![CDATA[Mbaa]]></category>
		<category><![CDATA[Mortgage Applications]]></category>
		<category><![CDATA[Mortgage Bankers Association]]></category>
		<category><![CDATA[Mortgage Purchase]]></category>
		<category><![CDATA[Purchase Index]]></category>
		<category><![CDATA[Rental Investment]]></category>
		<category><![CDATA[Seasonal Decline]]></category>
		<category><![CDATA[Time Employment]]></category>
		<category><![CDATA[Time Mortgage]]></category>
		<category><![CDATA[Uptick]]></category>

		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=57235</guid>
		<description><![CDATA[The article is an excerpt from the Wall Street Examiner Professional Edition Housing Update for subscribers. Scroll to the end for the subscriber link to the complete report. Housing data for this month suggests that the usual seasonal uptick in prices has ended. Data is mixed as to whether the seasonal decline that normally occurs from July to February might be showing some improvement in the rate of decline. It is clear that the trend is not worsening, but not clear whether it is improving. Determining that could take another 6-9 months. Contracts continue to fall out at record rates as insolvent banks blow up deal after deal in the mortgage process due to appraisals being too low, or buyer credit too weak. On the other hand, there continue to be lots of cash buyers in some markets as prices reach rental investment value. Those markets are probably near a price low if the employment picture doesn’t worsen. That’s not a bet we can make at this point. Full time employment remains dead in the water and at risk of turning negative again at any time. Mortgage Applications The closest thing to a real time housing market activity index is [...]]]></description>
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		<item>
		<title>Housing Time Bomb Goes Tick Tock Tick Tock</title>
		<link>http://wallstreetexaminer.com/2011/08/24/housing-time-bomb-goes-tick-tock-tick-tock/</link>
		<comments>http://wallstreetexaminer.com/2011/08/24/housing-time-bomb-goes-tick-tock-tick-tock/#comments</comments>
		<pubDate>Wed, 24 Aug 2011 21:20:07 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
				<category><![CDATA[Charts]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Email Bulletins Archive]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[Applications Index]]></category>
		<category><![CDATA[Fhfa]]></category>
		<category><![CDATA[House Prices]]></category>
		<category><![CDATA[Housing Finance Agency]]></category>
		<category><![CDATA[Housing Market]]></category>
		<category><![CDATA[Independent Compilation]]></category>
		<category><![CDATA[Index Release]]></category>
		<category><![CDATA[Late August]]></category>
		<category><![CDATA[Mortgage Applications]]></category>
		<category><![CDATA[Mortgage Bankers Association]]></category>
		<category><![CDATA[Motive]]></category>
		<category><![CDATA[Moving Average]]></category>
		<category><![CDATA[Nadir]]></category>
		<category><![CDATA[Nar]]></category>
		<category><![CDATA[Real Time]]></category>
		<category><![CDATA[Seasonal Peak]]></category>
		<category><![CDATA[Time Bomb]]></category>
		<category><![CDATA[Time Listings]]></category>
		<category><![CDATA[Timely Listings]]></category>
		<category><![CDATA[Validity Issues]]></category>

		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=55197</guid>
		<description><![CDATA[A couple of data points reported today marked a tick and a tock on the housing market clock. The Mortgage Bankers Association Mortgage Applications Index release was weak but not explosive. The FHFA (Federal Housing Finance Agency) monthly data on home sale prices was up, but meaningless. The FHFA data is after the fact price data using paired sales of properties previously financed through Fannie and Freddie, which recently resold and were again financed by them. Given the lag in the reported data, the FHFA data is slightly more useful than the Case Shiller data, which suffers from use of moving average smoothing, but less timely than the NAR data, which has validity issues, and even less timely than real time listings data. FHFA reported that sales prices in June were up 1.4% from May. That&#8217;s very nice, but that was June, and this is late August, and we already know from more timely listings data (see Housingtracker.net) that prices probably peaked in July, as they normally do each year. We also know from more than 5 years of historical data that while listing prices are typically about 10% above selling prices, they appear to accurately reflect the direction of the [...]]]></description>
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		<title>Housing Data Paints Bleak Picture</title>
		<link>http://wallstreetexaminer.com/2011/08/23/housing-data-paints-bleak-picture/</link>
		<comments>http://wallstreetexaminer.com/2011/08/23/housing-data-paints-bleak-picture/#comments</comments>
		<pubDate>Tue, 23 Aug 2011 19:55:00 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
				<category><![CDATA[Housing]]></category>
		<category><![CDATA[Money and The Fed]]></category>
		<category><![CDATA[Professional Edition]]></category>
		<category><![CDATA[3 Month]]></category>
		<category><![CDATA[Bet]]></category>
		<category><![CDATA[Blow Up]]></category>
		<category><![CDATA[Central Banks]]></category>
		<category><![CDATA[Critical Forces]]></category>
		<category><![CDATA[Cutting Edge]]></category>
		<category><![CDATA[Dead In The Water]]></category>
		<category><![CDATA[Edge Analysis]]></category>
		<category><![CDATA[Herd]]></category>
		<category><![CDATA[Insolvent Banks]]></category>
		<category><![CDATA[Investment Value]]></category>
		<category><![CDATA[Liquidity]]></category>
		<category><![CDATA[Machinations]]></category>
		<category><![CDATA[Rental Investment]]></category>
		<category><![CDATA[Thirty Days]]></category>
		<category><![CDATA[Time Employment]]></category>
		<category><![CDATA[Uptick]]></category>
		<category><![CDATA[Us Housing Market]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=55158</guid>
		<description><![CDATA[Housing data for this month suggests that the usual seasonal uptick in prices has come to an end at a lower high than last year. Contracts are falling out at record rates as insolvent banks blow up deal after deal in the mortgage process. On the other hand, there are lots of cash buyers in some markets as prices approach rental investment value. Those markets are probably near a price low if the employment picture doesn’t worsen. That’s not a bet we can make at this point. Full time employment is dead in the water and at risk of turning negative again at any time. Click here to download complete report in pdf format (Professional Edition Subscribers). including 25 pages of charts and clear, cutting edge analysis that you can use to gain an edge in the market. Try the Professional Edition risk free for thirty days. If, within that time, you don&#8217;t find the information useful, I will give you a full refund. It&#8217;s that simple. 30 day risk free trial for new subscribers. Click here for more information. 3 month subscription to the Wall Street Examiner Professional Edition, Money-Liquidity-Real Estate package, renewing automatically unless canceled. Price: $89.00 By [...]]]></description>
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