June 2013 Existing Home Sales Are a Little Weak

Written by Steven Hansen The headlines for existing home sales say that sales growth declined slightly in June month-over-month. Our analysis shows sales were down, but the significant difference in our analysis is much lower year-over-year sales growth rate. Prices are up, but the trend growth rate is now marginally decelerating.

May 2013 Pending Home Sales Index At Six Year High

Written by Steven Hansen The May 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) continue to show an acceleration in pending home sales.; Extrapolating this data to project June home sales, this would be a 12.5% …

Case-Shiller Home Prices Growth Again Strong in April 2013

Written by Steven Hansen The non-seasonally adjusted Case-Shiller home price index (20 cities) for April 2013 (released today) showed the 11th year-over-year gain in housing prices since the end of the housing stimulus in 2010. Non-seasonally adjusted home prices rose 2.5% month-to-month – and historically rises between March and April are unusual. Home prices increased …

May 2013 Existing Home Sales Above Average Growth – Home Price Increasing too Rapidly

Written by Steven Hansen The headlines for existing home sales say that sales improved in May. Our analysis shows sales (based on comparing year-over-year growth) is a little above average for the growth evidenced over the last 12 months. This month again looks good analytically. Econintersect Analysis: Sales up 1.7% month-over-month, Up 15.2% year-over-year – …

April 2013 Pending Home Sales Index Shows Growth Acceleration Underway

Written by Steven Hansen The April 2013 pending home sales index was released by the National Association of Realtors (NAR) today, and our analysis suggests: Econintersect‘s uses this April 2013 pending home sales data to forecast the May 2013 home sales – and our forecast for May is 480,000 (see details below); If this 440,000 …