Posts Tagged ‘ Realtors ’

Central NC residential real estate – knife still falling

October 23, 2011

As I've stated before, I'm in the housing market (sort of) as a potential buyer in central NC, but it looks like I'll be on the sidelines at least through 2012. The knife is still falling here, and it's obvious. The reality of real estate deflation is ...
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MILLIONS of Homes Lurk on Bank Inventories

By Bears Chat at The Wall Street Examiner

October 17, 2011

MIAMI — Officially, there are 3.5 million homes for sale nationwide. But there are millions more lurking in the shadows — hidden neatly away on banks' balance sheets, stalled in foreclosure court proceedings or simply occupied by nonpaying owner...
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Pending Home Sales Cow Patties

By Lee Adler

December 2, 2010

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...
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More Little Lies and Big Spin- Gains or Blips?

By Lee Adler

September 1, 2009

More Little Lies and Big Spin- Gains or Blips?

The FIM (Financial Infomercial Media) has gifted us with more nonsense today in the form of Pending Homes Sales data from the NAR (Realtors) and the Purchasing Managers Manufacturing Index from the ISM (Purchasing Managers). Bloomberg was positively ecstatic about the housing data, proclaiming “The number of contracts to buy previously owned homes rose...
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