Global Economic News and Analysis
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 this conclusion. The data in December is mixed, but overall is positive. NAR reported: Existing …
Continue reading “Existing Home Sales: Mixed Picture in December 2011”
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 by a decline in for-sale-by-owners. Although rebenchmarking resulted in lower adjustments to several years of …
Continue reading “November 2011 Existing Home Sales Continued Improvement, Data Rebenchmarked”
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 the home sales prices show they are down 2.5% month-over-month, and 4.6% year-over-year. In October …
Continue reading “October 2011 Existing Home Prices Down 4.6% YoY”
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.
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).