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Bear Mountain Bull: Existing Home Sales
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1st Home? Calculated Risk: Existing Home Sales Increase in September http://bit.ly/1MGuO0 10/23/2009 |
Existing Home Sales
Bear Mountain Bull —
Existing Home Sales Market not responding very positively to “good news” . We’ll grab the link to Calculated Risk’s updated charts when they’re available. And here we go : Existing home sales Posted: 9:18 am Comment on this post Comments No comments yet. RSS feed for comments on this post. Leave a comment Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed: Name E-mail (Not required, not displayed) URL ...
Existing Home Sales FALL in September 2009
The Big Picture —
... were really not that great. When organic sales go away suddenly for the season, which will happen in the near-term whether the tax credit is extended or not, it sets sales and prices up for the largest swings lower we have seen since all this began two years ago.
That’s precisely correct — the usual selling season was extended due to the tax credit.
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click for larger chart
courtesy of calculated risk
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...
Weekly Indicators
The Bonddad Blog —
... Housing starts and permits were generally flat, but existing home sales increased. Inventory fell to 3.63 million, and months of supply decreased to 7.8 months. This is more evidence that the bottom in the housing market in terms of sales, but not prices, is in. Additionally, the September Leading Economic Indicators continued to point toward future strength. ...
Tax credit responses part II: Houses
self-evident —
... the first place.
Another commenter calls my claims “complete crap” and asks for “evidence”. Let me make it clear that I am not claiming house prices “have risen” by $100k or even $50k. I am merely claiming they are higher than they would otherwise be by something like these amounts.
For evidence, let’s just say that I occasionally read Calculated Risk. Try here or here or here or today’s news here.
Or try Jim the Realtor. Here is a video where he shows one of his houses ...
Current economic conditions
Econbrowser —
... Source: Calculated Risk
Other new indicators have also been mixed. The Manufacturing ISM PMI, an index summarizing the responses of managers answering their survey, registered its third ...
