Tag Archive for Tax Credit

The Trouble With Case Shiller

The mainstream media wasted hours reporting on and analyzing the Case Shiller Housing Index today. Did even one pundit mention what’s wrong with the Case Shiller data? If Dow Jones used the methodology to report the Dow Industrials that Standard and Poors uses to construct the Case Shiller Index (CSI) the Dow would be reported…

Housing Numbers Back to Normal- Professional Edition

Now that the distortions induced by the homesucker’s tax credit have been removed from the market, housing trends have returned to where they would have been. New and existing unit sales have collapsed. New unit prices have also collapsed, as the temporary artificial shortage that resulted from the tax credit demand bulge, has reverted to…

Dead In The Water – Professional Edition Housing Update

This report updates the monthly Zillow housing data, and the weekly unemployment claims and mortgage applications index. The Zillow data for June shows the final effects of the April buying panic as the house purchase tax credit expired. Next month’s data should reflect the subsequent collapse that has been showing up in other indicators. Zillow’s…

Irrelevant, Immaterial, Misleading and Wrong – Professional Edition

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…

Last Oorahh for Housing- Professional Edition

The latest data released this week reflects the final impact of the housing tax credit and foreshadows ongoing weakness, with indications that supply pressures will lead to further price declines with associated negative impact on overall mortgage portfolio collateral in the coming year. Click here to download complete report in pdf format (Professional Edition Subscribers).…