contractcancellation: New Report Warns Of Slowing Home Sales In Q1 2012
- 12/28/11 01:16 AM
If you study new contracts in the Tallahassee MLS every day, and plot their performance over time, you often are able to produce short-term forecasts for home sales that are relatively accurate. With that in mind, the pending home sales report (new contracts) is projecting a slower 1st Quarter for 2012 than we saw in 2011.
The following real estate graph measures long and short term trends for pending home sales in the Tallahassee housing market. The short term trend analysis usually gives us a glimpse at what the long-term trend will be doing in the next few weeks and months.
… (2 comments)
|
contractcancellation: Can We Really Trust The National Association Of REALTORS When They Revise Their Home Sales Figures?
- 12/15/11 01:24 AM
Late Tuesday after, CNBC reported that the National Association Of Realtors released a statement acknowledging that their home sales reports have been OVER-COUNTED since January of 2007. That means everybody who relies on REALTOR reports for the US housing markets now knows that things are worse than they previously thought. Who would have thought such a thing could occur? [insert dripping sarcasm tone]
All the sales and inventory data that have been reported since January 2007 are being downwardly revised. Sales were weaker than people thought -NAR spokesman Walter Malony
Basically, the NAR does not cull all of the home sales … (14 comments)
|
|
|
|
If you study new contracts in the Tallahassee MLS every day, and plot their performance over time, you often are able to produce short-term forecasts for home sales that are relatively accurate. With that in mind, the pending home sales report (new contracts) is projecting a slower 1st Quarter for 2012 than we saw in 2011.
;)
;)
;)
