The 30 day moving average of US house sales showed prices and volume continuing to rise in the week ended June 14 in data reported by Dataquick. There were 198,090 sales recorded for the period, versus 194,965 for the period ended June 7, which was 8.2% higher than the year ago period. Median sale prices…
Tag Archive for House Sales
Charts, Economics, Email Bulletins Archive, Housing, Lee's Free Thinking, Must Read
Listed House Sale Closings Rose 74,000 in March, Prices up 5% in Month, 2.5% in Year
by Lee Adler • • 0 Comments
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, Lee's Free Thinking, Must Read
Another Sign Bottom is Behind, House Sales Contracts Rise 14%
by Lee Adler • • 4 Comments
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. To keep this in perspective the number remains down 37% from the peak…
Lee's Free Thinking, Must Read
New House Sales Show Continued Improvement
by Lee Adler • • 1 Comment
While the media was touting a miss on consensus expectations, and Bloomberg posted an outright lie on Twitter, the actual unadjusted data did show a big improvement over the year ago performance.
Charts, Economics, Email Bulletins Archive, Housing, Lee's Free Thinking, Must Read
CoreLogic Data Shows House Price Declines Slowing
by Lee Adler • • 0 Comments
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. According to CoreLogic, 6 of the 10 largest metropolitan markets in the US showed year over year declines…
Bears Chat, Best of the Forums
Thoughts on Payroll #s
by a Wall Street Examiner • • 0 Comments
Boy, we just adverted a government shutdown, hell is breaking loose in Wisconsin (etc), public sector worker jobs are being slaughtered, new house sales at record low. So of course, super bullish numbers come out.
Remember the old rule, the more bull…
Bears Chat, Best of the Forums
2011: Delinquencies and Distressed house sales
by a Wall Street Examiner • • 0 Comments
My guess is the overall delinquency rate has peaked, although I expect the delinquency rate to stay elevated.
http://www.calculatedriskblog.com/2011/01/question-3-for-2011-delinquencies-and.
html
Distressed house sales: Foreclosure activity is very h…
Housing, Liquidity Trader, Professional Edition
Stake In It (Official Version)- Professional Edition Housing Update
by Lee Adler • • 0 Comments
Here’s the official version of the Housing Market update which includes my earlier public rant on the new house sales data released today.
Housing, Liquidity Trader, Professional Edition
No Jobs, No House Sales – Professional Edition
by Lee Adler • • 0 Comments
The total number of employed persons remained near the lowest levels since 2005, and the total number of mortgage purchase applications stayed near the lowest levels in 14 years, this week. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that…
Housing, Liquidity Trader, Professional Edition
Irrelevant, Immaterial, Misleading and Wrong – Professional Edition
by Lee Adler • • 0 Comments
The new house sales data reflects the impact of the ending of the housing tax credit, reflecting severe ongoing weakness. The Case Shiller data is, as usual, irrelevant, immaterial, misleading, and wrong. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within…
