On Thursday the Census Bureau and the Department of Housing and Urban Development released figures for new home sales in April that showed a big increase in sales and a drop in both median and average home sale prices. Media coverage has speculated that the both outcomes were a result of price cuts by...
First read the press release issued on Tuesday by the National Association of Realtors regarding data on the sale of existing homes in December and for all of 2006 and then read the New York Times article on the same topic. We will then have a spirited discussion on the subject of reality, slant, and...
Is it the end of the end of the housing bubble ? The National Association of Realtors (NAR) seemed to think so as it issued its November report on the sales of existing houses, the second month in a row when sales showed slight improvement over the previous month. New home sales also showed signs of...
As usual, fresh on the heels of the National Association of Realtors monthly report on the status of existing home sales , the U.S. Census Bureau and the U.S. Department of Housing and Urban Development have released their joint monthly report on the sales of new homes for the month of October 2006....
New home prices took a heck of a hit in September according to information released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development on Thursday. This disquieting news came hard on the heels of a National Association of Realtors survey released on Wednesday that showed...
FREDDIE ISSUES JUNE ECONOMIC PROGNOSTICATION If you want to add a headache to your day's aggravation, you are invited to read the latest Economic Outlook report issued late Wednesday by Freddie Mac's Office of the Chief Economist. It isn't their fault, nobody seems to understand what is going on nationally...