Existing Home Sales: June 2015

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  1. CDizzle commented on Jul 23

    Any concern that housing data trends are being presented as “the best since -insert date here-” and that date is, generally, 6-24 months before the housing bubble burst? Or that we are 6 years clear from the last recession and have never achieved “escape velocity”, from a GDP growth standpoint? What about the continuing stream of downward revisions on economic data? What about the effect of increasing interest rates on the housing market? Or the stock market? Or consumer confidence? Great chart porn, though…

    • Futuredome commented on Jul 23

      Except housing starts keep on getting upwardly revised and the permits are blowing up. GDP may have already broken escape velocity, revisions are cruel.

      From a RE perspective, existing home sales have been solid for months. From the production side of it, emergence from recession is becoming clear.

    • intlacct commented on Jul 23

      Since it is half of my net worth – from your lips to the Easter Bunny’s ear, futuredome.

  2. catclub commented on Jul 23

    Impressive that Yun is still at NAR 7 years later.

    ” NAR Denies Recession

    Says Home Sales and Prices Will Pick Up in Second Half of 2008

    National Realty News WASHINGTON, D.C. – Home sales and prices throughout most of the country are poised for improvement in the second half of 2008, and the recovery will vary by market, Lawrence Yun, chief economist for the National Association of REALTORS® said during NAR’s Midyear Legislative Meetings & Trade Expo. ” From May 16,2008.

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