All Posts Tagged Pending Home Sales

Media Gets Pending Home Sales Wrong (Again!)

August 7th, 2008 | No comments

Barry Ritholtz: The Pending Home Sales Index is down 12.3%. According the the NAR’s statement about the PHSI, that is a negative for the next two months. While their press release emphasizes the 5.3% monthly gain in June, we have demonstrated in the past why that amount to little more than the usual seasonality, as [...]

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The National Association of Realtors’ one trick pony needs a trip to the glue factory

December 10th, 2007 | No comments

Lawrence Yun, chief economist of the National Association of Realtors, says housing is looking up, citing increased “mortgage availability” due to a shift – government sponsorship of loans to less creditworthy borrowers is replacing traditional lending channels. This is discomforting for two reasons: Yun and the NAR have (for going on two years) repeatedly denied [...]

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