Tag Archive for Nar

Mainstream Media Gets It Wrong- In Coincidental Truth Telling, NAR PR Shows House Market Strengthening

NAR data for May confirms earlier data from CoreLogic, Dataquick, and Department of Numbers.com that housing prices continued to make new 12 month highs in May and that, contrary to the mainstream media portrayal, the housing rebound is not “uneven” or slowing in any way. Follow the money. Find the profits!Liquidity is money. Regardless of…

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…

Glimmers of Housing Hope In Mortgage Applications Data

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…

Home Sales Contracts Better than Media, NAR report

The mainstream financial media is widely misreporting the NAR’s Pending Home Sales data this morning, simply parroting the NAR’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’s not to say sales are…

Housing Time Bomb Goes Tick Tock Tick Tock

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. Follow the money. Find the profits!Liquidity is money. Regardless…