December 2013 Existing Home Sales Improve But Are Still Soft

Written by Steven Hansen The headlines for existing home sales say that sales growth improved marginally in December month-over-month. Our analysis says the sales last month were so bad that any data would look good in comparison. The three month rolling averages are still declining demonstrates how soft the data is.

Case-Shiller Home Prices Rise Marginally in October 2013

Written by Steven Hansen The non-seasonally adjusted Case-Shiller home price index (20 cities) for October 2013 (released today) showed the 17th consecutive monthly year-over-year gain in housing prices since the end of the housing stimulus in 2010.

Pending Home Sales Index Suggests Slower December Existing Home Sales

Written by Steven Hansen The pending home sales index for November was released by the National Association of Realtors (NAR) today, and our analysis suggests that December existing home sales may be worse than November’s.

November 2013 Existing Home Sales Decline Significantly

Written by Steven Hansen The headlines for existing home sales say that sales growth declined in November month-over-month. Our analysis says sales are down year-over-year, with the three month rolling average in decline and lower than any period since the beginning of 2012.

Case-Shiller Home Prices Rise Again in September 2013

Written by Steven Hansen The non-seasonally adjusted Case-Shiller home price index (20 cities) for September 2013 (released today) showed the 16th consecutive monthly year-over-year gain in housing prices since the end of the housing stimulus in 2010.