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Posts Tagged ‘ Existing ’

Weekly Update: Housing Tracker Existing Home Inventory up 13.6% YoY on July 7th

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Weekly Update: Housing Tracker Existing Home Inventory up 13.6% YoY on July 7th

Here is another weekly update on housing inventory … There is a clear seasonal pattern for inventory, with the low point for inventory in late December or early January, and then usually peaking in mid-to-late summer. The Realtor (NAR) data is monthly and released with a lag (the most recent data released was for May).  However...
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Monday: Existing Home Sales

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Monday: Existing Home Sales

This is a funny sentence from the WSJ on inflation: Inflation Is Back on Wall Street Agenda For years, critics have warned that the Federal Reserve’s easy-money policies would produce massive inflation. So far, they have been wrong. “So far”? Come on – those predicting “massive inflation” were dead wrong. Period. Update: And an...
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Lawler: Early look at Existing Home Sales in April

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Lawler: Early look at Existing Home Sales in April

From housing economist Tom Lawler: Based on realtor association/board/MLS reports across the country, I estimate that existing home sales as measured by the National Association of Realtors will come in at a seasonally adjusted annual rate of 4.70 million in April, up 2.4% from March’s pace, but down 5.8% from last April’s pace. This...
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Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg Survey

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Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg Survey

From Mark Thoma at Economist’sView: Why Didn’t the Fed Begin Tapering? Here’s why I think they delayed: … 1. Fiscal policy. … 2. Inflation and unemployment. … 3. The Fed is gun shy. …4. Capital flight from developing markets. From Tim Duy at Economist’sView: No Taper – Yet Two significant factors that held the...
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Wednesday: Existing Home Sales, FOMC Minutes

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Wednesday: Existing Home Sales, FOMC Minutes

Goldman Sachs economist Kris Dawsey on the FOMC Minutes: We will read the minutes from the July meeting with an eye toward any clues on the likelihood of near-term tapering and potential changes to the forward guidance. On the first point, within the discussion of the appropriate stance of balance sheet policy in the...
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Lawler: Early Look at Existing Home Sales in July

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Lawler: Early Look at Existing Home Sales in July

From housing economist Tom Lawler: Based on local realtor association/board/MLS reports I have seen across the country, I estimate that existing home sales as measured by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.33 million in July, up 4.9% from June’s disappointing pace. Local data indicate that existing...
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Weekly Update: Existing Home Inventory is up 18.4% year-to-date on July 22nd

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Weekly Update: Existing Home Inventory is up 18.4% year-to-date on July 22nd

Weekly Update: One of key questions for 2013 is Will Housing inventory bottom this year?. Since this is a very important question, I’m tracking inventory weekly in 2013.  There is a clear seasonal pattern for inventory, with the low point for inventory in late December or early January, and then peaking in mid-to-late summer. The Realtor...
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Existing Home Sales: Expect Below Consensus Sales

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Existing Home Sales: Expect Below Consensus Sales

The NAR is scheduled to report June existing home sales on Monday. The consensus is for sales of 5.27 million on seasonally adjusted annual rate (SAAR) basis. However economist Tom Lawler is estimating the NAR will report a June sales rate of 4.99 million. I’m reminded of the Damon Runyon line paraphrasing Ecclesiastes: “The race is not...
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Monday: Existing Home Sales

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Monday: Existing Home Sales

A major revision to GDP is coming this summer, from Robin Harding at the Financial Times: Data shift to lift US economy 3% The US economy will officially become 3 per cent bigger in July as part of a shake-up that will see government statistics take into account 21st century components such as film...
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Existing Home Inventory up 3.7% in late January

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Existing Home Inventory up 3.7% in late January

One of key questions for 2013 is Will Housing inventory bottom this year?. Since this is a very important question, I’ll be tracking inventory weekly for the next few months. If inventory does bottom, we probably will not know for sure until late in the year. In normal times, there is a clear seasonal...
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