Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
Read More »
Radio Free Wall Street
Posts Tagged ‘ Existing Home Sales ’
NAR to revise estimates of existing home sales
NAR will revise down their estimates of existing home sales
The National Association of Realtors, which publishes the monthly report on sales of previously occupied homes, said it will release revisions to home sales for 2007 through 2010 and for the...
Read More »
If You Buy a House, We’ll Throw In a Free Car!
RICHMOND, Ill. — In this distant Chicago suburb, a builder has finally found a way to persuade people to buy a new house: he throws in a car.
Kim Meier’s spring promotion, which includes a $17,000 credit at a nearby General Motors dealer,...
Read More »
Existing-Home Sales Plunge
From CNBC
sales fell 9.6 percent month over month to an annual rate of 4.88 million units, snapping three straight months of gains.
The percentage decline was the largest since July.
The median home price dropped 5.2 percent in February fro...
Read More »
Has the NAR No Shame?
The National Association of Liars reported existing home sales for December today. They said that existing home sales "increased 2.7 percent to a seasonally adjusted annual rate of 5.36 million in January from a downwardly revised 5.22 million in Dec...
Read More »
Housing Collapse Has Been Understated!
(Reuters) - The National Association of Realtors said on Tuesday any overcounting of U.S. existing home sales in its data was "relatively minor", dismissing claims it could have overstated sales by as much as 20 percent.
The Realtors group said i...
Read More »
The Housing Recovery LIE – Professional Edition
The lagged data from the worst housing indicator in the world, Case Shiller, came out this week, following last week’s release of existing home sales closings in December. Also out this week, the Commerce Department’s Report on new home sales, and the NAR’s data on sales contracts. The Case Shiller data is still catching...
Read More »
Just When You Thought It Couldn’t Get Any Worse for Housing…
From the WSJ online...
Economists are worried that the housing sector may be heading into another downdraft as mortgage lenders continue to tighten already restrictive lending standards.
Such a scenario seemed less likely earlier this year, when ...
Read More »
Pending Home Sales Cow Patties
Here’s what Bloomberg had to say about this morning’s reported jump in pending home sales (signed sales agreements). Pending sales of U.S. existing houses unexpectedly jumped by a record 10 percent in October, indicating the industry at the center of the last recession is stabilizing as the job market improves. Allow me to phrase...
Read More »
Theoretical Seeds of A Housing Bottom- Professional Edition
Purchase mortgage applications fell back to near their recent lows last week, reversing the surge from the previous week. That was caused by the FHA’s new, tougher requirements on credit scores and down payments. The week before last was the deadline for deadbeats to get in under the old easy money game rules. That...
Read More »
The Biggest Disconnect of All Time
The Biggest Disconnect of All Time
by Mike Larson Fri. October 1, 2010
http://www.moneyandm...-40273?FIELD9=1
I'm seeing one of the biggest disconnects of all time — between the underlying U.S. economy and the performance of the stock market. J...
Read More »
Russ Winter’s Actionable The Just Pretending Squeeze
New home sales are now scraping at generational lows and are apparently unable to compete with existing home sales in any meaningful way. Besides weak demand, another reason affecting this is competition with a large supply of near-new houses built in 2003-2008 still on the market. Why can’t the new home market compete on...
Read More »
Distortions, Distortions – Professional Edition Fed Report
Today’s release of existing home sales by the NAR shows that Federal housing gift programs continue to distort the housing market. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will...
Read More »
Dancing the Con Con
Over the years I have frequently pointed out what a stupid indicator the Conference Board’s Consumer Confidence indicator is, at least when it comes to the stock market. It’s like a dog chasing its tail. The Con Con, you see, follows the market. Then, each and every month for a half hour or so...
Read More »
Actionable Lathered Up
Market is lathered up this morning about “good” economic news including pending home sales. I offer the following existing home sales (pending is an index) chart (from Calculated Risk) for readers to get a perspective on this.
In the podcast today (and one in which we actually had something to say) I...
Read More »
Radio Free Wall Street 6/24/09
Lee Adler and Russ Winter reveal the truth behind the economic news, including durable goods, existing home sales, and the fourth branch of government- Goldman Sacks. Is it time to buy?
The following charts accompany this podcast.
Durable Goods vs. The Market (subscribers)
Existing Home Sales (subscribers)
Not a subscriber? Click here to hear a free preview.
Listen to...
Read More »
Copyright © 2012 The Wall Street Examiner. All Rights Reserved.
Magazine Premium created by Themes by bavotasan.com.
Magazine Premium created by Themes by bavotasan.com.
Recent Comments