by John Galt March 31, 2013 13:535 ET No further comment is necessary. From Zillow.com: Just wow. I’ll bet the NAR calls this “bullish.”
Posts Tagged ‘ NAR ’
2/16 Housing Data: More Depressing News in Realityville
by John Galt February 16, 2012 21:45 ET The housing news, as usual, was spun by the Obamamedia, the Fedomedia, and the Bullmedia as the ultimate sign that once again, for the 113th time in 4 years, “We’ve turned the corner!” And as the unicorn pooping skittles and rainbows sprayed the news over Wall Street and the gullible morons of the nation, reality is here, at these pages. First, let’s not sugar coat this. Starts were up my friends. They were up nicely. In…
2011 Housing Report: The Worst Year in Modern History
by John Galt January 29, 2012 22:00 ET There will be great discussion about the “recovery” of 2011, but the reality of just how dire the economy is for Main Street is best defined by the one asset the average soul attempts to hold up as their primary investment, the single family house. Unfortunately for the political elites, the disaster which was housing in 2007 is not much better in 2011 and in fact appears to be taking a sharp, decisive turn to the downside…
July Pending Home Sales continue long term downtrend
By John Galt August 29, 2011 – 10:20 ET The latest report from the National Association of Realtors indicates the end of the cash for clunkers housing stimulus was probably the last peak in activity we will see for quite some time. The amount is higher than last July’s low reading, which is the highlight the NAR will continue to point towards but the reality is that this is a long term trend line to the downside after the failed Obama housing stimulus program which…
NAR Existing Home Sales for May: Can’t Blame the Weather, oops, they CAN
By John Galt June 21, 2011 Another month’s worth of data from the National Association of Relativists, er, Realtors, and another bad report. From the NAR press release this morning: Existing-home sales were down in May as temporary factors and financing problems weighed on the market, according to the National Association of Realtors®. Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, fell 3.8 percent to a seasonally adjusted annual rate of 4.81 million in May from a downwardly revised…
The Pending Home Sales Disaster on Friday
By John Galt May 28, 2011 The nightmare report from the National Association of Realtors (NAR) yesterday was mixed with humor from Lawrence Yun and a notable shift in the double dip portion of America’s housing industry disaster. With upwards of one third of all existing home sales anchored by distressed sales, the pending home sales report usually reflects a trend of recovery or further decline and based on the four month average the market is headed for a serious deterioration as the index is…
Recent Comments