The year to date existing sales for October 2010 used in the National Association of Realtors press release clearly understate negative trends in home sales. Existing home sales have fallen off a cliff in the past four months.
Tag Archives: NAR
Housing Price Decline Continues
Data from several sources indicate a return to declining home prices has commenced. NAR, Altos Research and Clear Capital all show a sharp downturn of prices.
NAR Existing Home Prices Begin Anticipated Decline
Housing markets remain weak on a national scale and the outlook is degrading for the coming months.
September 2010 Pending Home Sales Show Flat Growth
September 2010 Pending Home Sales index released by the National Association of Realtors® shows a flat existing home sales for the next few months. This is based on Econintersect’s review of the data, and not on the press release which reads in part as follows:
Existing Home Sales Up, But Down Compared to Earlier this Year
Existing home sales continue to disappoint, even though there is an improvement from July to August.