Housing

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Listed House Sale Closings Rose 74,000 in March, Prices up 5% in Month, 2.5% in Year

The NAR reported today that their members settled 361,000 house sales in March (actual, not seasonally manipulated), up 74,000 from February. The median price rose 5.27% versus February and was up 2.5% versus March 2011. This was the largest monthly percentage price gain since June 2005. The year over year gain was the first significant…

Housing Market Data Tilts Slightly Positive

Some housing sales data now shows prices with a slight year over year increase including the NAR’s existing home sales and the Commerce Department’s new home sales data. The NAR data is from February, representing mostly contracts from December. It tells us nothing about the current market. The Commerce Department data is more current, representing…

Another Sign Bottom is Behind, House Sales Contracts Rise 14%

Contracts for the sale of existing homes rose 15.1% month to month in February, according to data reported today by the real estate brokers lobbying organization. Sales were 14% above the level of February 2011, continuing the rebound in housing market sales. Follow the money. Find the profits!Liquidity is money. Regardless of where in the…

CoreLogic Data Shows House Price Declines Slowing

CoreLogic’s data for January closed house sales (mostly November contracts) shows a year over year decline of 3.1% nationally. the month to month decline was 1%. However, the 12 month rate of decline has been slowing sharply. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually…

Housing Prices Rise In Response to Reduced Supply, Higher Employment

No, this is not an April Fools joke. In a surprising turn of events, listing prices rose sharply in March. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the…