Written by Steven Hansen The pending home sales index for January 2014 was released by the National Association of Realtors (NAR) today, and our analysis suggests that February 2014 existing home sales again may not be good.
Written by Steven Hansen The non-seasonally adjusted Case-Shiller home price index (20 cities) for December 2013 (released today) declined slightly but showed the 19th consecutive monthly year-over-year gain in housing prices since the end of the housing stimulus in 2010.
NAR Blames Weather, Inventory, Flood Insurance, Tight Credit, Prices, Interest Rates …… Written by Steven Hansen The headlines for existing home sales say that sales growth fell in January month-over-month – and declined year-over-year. Our analysis agrees. The three month rolling averages are still declining demonstrating how soft the data is.
The National Association of Realtors (NAR) Pending Home Sales Index (PHSI) number for December fell by 8.7%, crushing clueless Wall Street economists whose consensus guess was for a decline of 0.2%.
Written by Steven Hansen The pending home sales index for December 2013 was released by the National Association of Realtors (NAR) today, and our analysis suggests that January 2014 existing home sales may be worse than December’s.