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Category Archives: Home Sales and Home Prices
Housing Smoke and Mirrors (7) – “Get Out of Jail”
Written by Adam Whitehead, KeySignals.com In Housing Smoke and Mirrors (4)[i] and (5),[ii] to confront the threat of the deteriorating bad mortgage vintages – “the Federal Reserve and the Federal Government were observed to be running swiftly into the housing … Continue reading
New Mortgage Modification Program Can’t Stop Further Housing Collapse
Written by Keith Jurow, Capital Preservation Real Estate Report Here We Go Again On March 27, 2013, the Federal Housing Finance Administration (FHFA) announced the introduction of still another mortgage modification program. Entitled the Streamlined Modification Program, it was intended … Continue reading
Schizophrenic U.S. Housing Market
Housing Smoke and Mirrors (Part 6) “It was the best of times, it was the worst of times.” Written by Adam Whitehead, KeySignals.com Click to enlarge We thought it would be amusing to start this discussion with the latest “Smoke … Continue reading
Housing Smoke and Mirrors (5) – “Zombie Fed”
Written by Adam Whitehead, KeySignals.com In Housing Smoke and Mirrors (4), it was suggested that the bad eggs in the 2005 and 2009 Mortgage Vintages were hatching; and creating a growing systemic threat. Click to enlarge The Federal Reserve and … Continue reading
Housing Smoke and Mirrors (4) – “The Zombie in the Room”
Written by Adam Whitehead, KeySignals.com In Housing Smoke and Mirrors (3)[i] it was suggested that there were some anomalies, in the general pattern of improving mortgage delinquencies, that deserved closer scrutiny.
Fed Mortgage Subsidy Drives Buying Panic In Existing Homes To Bubble Levels
by Lee Adler, Wall Street Examiner The NAR Pending Home Sales data for March is a measure of current sales as of the date of the contract. It’s the closest thing we have to a real time measure of sales … Continue reading
Case-Shiller Home Prices Growth Continues in February 2013
Written by Steven Hansen The non-seasonally adjusted Case-Shiller home price index (20 cities) for February 2013 (released today) showed the ninth year-over-year gain in housing prices since the end of the housing stimulus in 2010. Non-seasonally adjusted home prices rose … Continue reading
March 2013 Pending Home Sales Index Up Marginally But Leveling Off
Written by Steven Hansen The March 2013 pending home sales index was released by the National Association of Realtors (NAR) today, and our analysis suggests: Econintersect‘s uses this March 2013 pending home sales data to forecast the April 2013 home … Continue reading
It’s A Housing “Recovery” In Orwellian Terms – Here’s The Reality
by Lee Adler, Wall Street Examiner The Commerce Department today reported really good March home sales relative the the past 4 years of the housing depression. Media reports included only the seasonally adjusted annualized sales rate, which was 417,000 versus a consensus … Continue reading
Posted in Home Sales and Home Prices, mortgages
Tagged consumer confidence, Economy, existing home sales, Federal Reserve, GDP, home sales, housing, Lee Adler, recovery
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March 2013 New Home Sales Growth Rebounds Partially From Last Month
Written by John Lounsbury and Steven Hansen New home sales data for March 2013 was better than last month’s data. We are continuing to see one terrible month, and one good month. If one uses a 3 month rolling average … Continue reading
March 2013 Existing Home Sales Show Average Growth
Written by Steven Hansen The headlines for existing home sales say that sales slipped in March caused by a shortage of homes for sale. Our analysis shows sales are about average for the growth evidenced over the last 12 months. … Continue reading
Latest U.S. Housing Smoke and Mirrors
Housing Smoke and Mirrors (3) Update – April Fools Written by Adam Whitehead, KeySignals.com In Part 1,[i] it was concluded that the US Housing Market has a pattern of improving short term delinquency fundamentals; but also that there is a … Continue reading
Posted in Home Sales and Home Prices, aa syndication, money, mortgages
Tagged Adam Whitehead, consumer confidence, Economy, Federal Reserve, GDP, home sales, housing
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Single-Family and Multi-Family Housing Starts
Single Family Housing Starts Dead But Not Dead Enough – Multifamily Hot, But Not Too Hot by Lee Adler, Wall Street Examiner Housing starts rose in March. Most of the increase was in the multifamily sector. Single family starts remained … Continue reading
Analysis of the Housing Recovery Mirage
by Keith Jurow, Capital Preservation Real Estate Report At the end of March, it was announced that the 20-city Case-Shiller Index was up 8.1% year-over-year. Nearly all housing experts declared that this was further confirmation that the housing recovery was … Continue reading
Posted in Home Sales and Home Prices
Tagged foreclosures, housing, housing market, Keith Jurow, mortgages underwater
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February 2013 Pending Home Sales Index Declines
Written by Steven Hansen The February 2013 pending home sales index was released by the National Association of Realtors (NAR) today, and our analysis suggests: Econintersect‘s uses this February 2013 pending home sales data to forecast the March 2013 home … Continue reading
February 2013 New Home Sales Growth Were At 14 Month Lows
Written by John Lounsbury and Steven Hansen New home sales data for February 2013 was definitely much worse than last month’s data. We are now seeing one terrible month, and one good month. If one uses a 3 month rolling … Continue reading
Case-Shiller Home Prices Strong Growth Continues in January 2012
Written by Steven Hansen The non-seasonally adjusted Case-Shiller home price index (20 cities) for January 2013 (released today) showed the eighth year-over-year gain in housing prices since the end of the housing stimulus in 2010. Non-seasonally adjusted home prices rose … Continue reading
February 2013 Existing Home Sales Not As Strong As the Headlines
Written by Steven Hansen The headlines for existing home sales say that sales were stronger in February caused by “improving economy and pent-up demand”. Our analysis shows sales are stronger – but they are in the lower quartile of growth … Continue reading
Housing Smoke and Mirrors, Part 2
Written by Adam Whitehead, KeySignals.com In Part 1 [i], it was concluded that the US Housing Market has a pattern of improving short term delinquency fundamentals; but also that there is a latent slower deteriorating trend that will converge upon … Continue reading
Posted in Home Sales and Home Prices, aa syndication
Tagged Adam Whitehead, Federal Reserve, home sales, housing
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Wow! Check Out The New Home Sales Recovery Bernanke is Taking Credit For
by Lee Adler, Wall Street Examiner The media reported a 16% rise in new home sales in January to the highest level in 4 1/2 years based on data from the Commerce Department released today. The headlines were based, as … Continue reading
Posted in Federal Reserve, Home Sales and Home Prices
Tagged Economy, Federal Reserve, home sales, housing, Lee Adler
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