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 this conclusion.  The data in December is mixed, but overall is positive. NAR reported: Existing …

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 by a decline in for-sale-by-owners. Although rebenchmarking resulted in lower adjustments to several years of …

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 the home sales prices show they are down 2.5% month-over-month, and 4.6% year-over-year.  In October …

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).