Econintersect Analysis Blog
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Tag Archives: home inventories
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
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
January 2013 Existing Home Sales Relatively Strong
Written by Steven Hansen The headlines for existing home sales say that sales were stronger in January, and our analysis shows sales are stronger – one of the strongest months in the last 12 months. Econintersect Analysis: Sales up 4.8% … Continue reading
December 2012 Existing Home Sales Show Average Growth for 2012
Written by Steven Hansen The headlines for existing home sales say that sales were marginally weaker in December, but our analysis shows sales a lot weaker – but this is a comparison to relatively strong October and November sales. Econintersect … Continue reading
November 2012 Existing Home Sales Remain Strong
Written by Steven Hansen The headlines for existing home sales say that sales were stronger in November, but our analysis shows sales a little weaker – but have been relatively strong for the last 2 months. Econintersect Analysis: Sales down … Continue reading
October 2012 Existing Home Sales Very Strong
Written by Steven Hansen The headlines for existing home sales say that sales were stronger in October, but this analysis is significantly better than the headlines from the National Association of Realtors. Econintersect Analysis: Sales up 17.0% month-over-month, Up 17.8% … Continue reading
September 2012 Existing Home Sales Worst Month of 2012
Written by Steven Hansen The headlines for existing home sales say that sales were weaker in September, but this analysis is worst than the headlines from the National Association of Realtors. Econintersect Analysis: Sales down 8.8% month-over-month, Up 2.1% year-over-year … Continue reading
Existing Home Sales Growth Continues in August 2012
Written by Steven Hansen The headlines existing home sales are claiming August is a wonderful month. Ok, August is not bad, but not as good as July. This analysis will be worst than the National Association of Realtors more positive … Continue reading
Existing Home Sales Continue to Expand in July 2012
Written by Steven Hansen The story on today’s existing home sales is the huge screw-ups in releasing this information by the National Association of Realtors (NAR). First, the data was tweeted early – maybe 25 minutes per my estimate – … Continue reading
Existing Home Sales Show Lack of Distressed Properties in June 2012
Written by Steven Hansen Existing home sales volumes appears to have hit a wall – the lack of cheap homes for investors. This has caused declining growth in sales volumes, declining inventories, and an increasing average home sales prices due … Continue reading
Existing Home Sales Volumes Growth Slows in May 2012
Written by Steven Hansen Econintersect continues to see the recovery in existing home sales volumes, but the recovery trend is weaker. The National Association of Realtors (NAR) is blaming the slowdown on a supply shortage – not a shortage of … Continue reading
April 2012 Existing Home Sales Volumes Continue to Improve
Written by Steven Hansen Econintersect continues to believe we are at or near the bottom of the existing home sales depression, yet the data continues to be at the low end of improvement channel seen recently for sales volumes. The … Continue reading
Strange Existing Home Sales Data in March 2012
Written by Steven Hansen Econintersect believes we are at or near the bottom of the existing home sales deterioration – but using the March National Association of Realtors (NAR) data, one would be hard pressed to prove this point. Sales … Continue reading
Existing Home Sales are Up in February 2012 Contrary to Headlines
Written by Steven Hansen Warning: The National Association of Realtors (NAR) new methodology now has moderate back revision to the data – so it is best to look at trends, and not get too excited about each month’s release. Here … Continue reading
Existing Home Sales: Is NAR Data Correct for January?
The National Association of Realtors (NAR) completely destroyed its December 2011 existing homes sales data and analysis with their January release today – and now they are saying their January 2012 data is better. At this point there is no … Continue reading
Existing Home Sales: Mixed Picture in December 2011
The National Association of Realtors (NAR) reported December 2011 existing home data demonstrates a market in recovery. It may be true (Econintersect hopes it is true), but it depends which portion of the data you view to come to … Continue reading
November 2011 Existing Home Sales Continued Improvement, Data Rebenchmarked
Before we can analyze existing home sales, please note the National Association of Realtors (NAR) completely revised this data series this month. Also released today were periodic benchmark revisions with downward adjustments to sales and inventory data since 2007, led … Continue reading
October 2011 Existing Home Prices Down 4.6% YoY
Econintersect‘s analysis of existing home sales volumes in October 2011 shows a seasonally adjusted drop of 2.9% month-over-month but still remains in a strong up trend. Year-over-year growth of home sales is 11.7% – a good improvement. Econintersect review of … Continue reading
Existing Home Sales Volumes Decline in September 2011
Econintersect’s analysis of existing home sales volumes in September 2011 shows a drop of 7.0% month-over-month but still remains in a strong up trend. Continue reading
Are We Seeing Price Capitulation In Existing Home Sales In August 2011?
Econintersect review of the data shows volume up 21.3% year-over-year (4.2% month-over-month), while prices are down 4.0% year-over-year (0% month-over-month). Continue reading
