July 2013 Existing Home Sales “Spiked”

Written by Steven Hansen The headlines for existing home sales say that sales growth “spiked” in July month-over-month. Our analysis shows sales were very strong, and this month’s data is so strong that it may be signalling a spurt in the rate-of-growth trends.

The Asian Housing Bubble Burst

by C.P. Chandrasekhar and Jayati Ghosh, Triple Crisis [This article first appeared in Hindu Business Line.] Everyone knows the role played by housing bubbles in the pre-crisis booms that ended in spectacular crashes in the United States in 2008, as well as in other countries like the UK and Ireland, and then Spain. But many …

Case-Shiller Home Prices Growth Above Expectations in May 2013

Written by Steven Hansen The non-seasonally adjusted Case-Shiller home price index (20 cities) for May 2013 (released today) showed the 12th year-over-year gain in housing prices since the end of the housing stimulus in 2010. Non-seasonally adjusted home prices rose 2.4% month-to-month.

June 2013 Pending Home Sales Index Declines

Written by Steven Hansen The June 2013 pending home sales index was released by the National Association of Realtors (NAR) today, and our analysis suggests: The current trends (using 3 month rolling averages) continues to show a moderate acceleration in pending home sales. This is due to a significant growth jump 3 months ago – …