[mEDITate-OR:
wonder how NAR got "off"..., so far...?
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JGBHimself
Jan 27 11:16 PM
To make all of U.S. even more dependent upon Sold to explain it, pending sales as reported today by NAR, showed a huge decline in sales of both new and existing homes in The WEST!
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But, look at these numbers:
The PHSI in the Northeast increased 1.8 percent to 73.9 in December
but is 5.3 percent below December 2009.
In the Midwest the index rose 8.0 percent
but is 5.1 percent below a year ago.
Pending home sales in the South jumped 11.5 percent
and are 1.7 percent above December 2009.
In the West the index fell 13.2 percent
and is 10.7 percent below a year ago.
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So, we must assume, must we not, that since today those of U.S. out West and out of pocket for underwater equities are now buying 13% less homes, and yesterday we bought 72% more brand new homes, and 50% of all homes sold were foreclosed, that NO body bought a resident-occupied existing home.
Go figure! Sold! Explain it?
Both the Ying &Yang to Yun & U.S., please.
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wonder how NAR got "off"..., so far...?
-----------
JGBHimself
Jan 27 11:16 PM
To make all of U.S. even more dependent upon Sold to explain it, pending sales as reported today by NAR, showed a huge decline in sales of both new and existing homes in The WEST!
--------------
But, look at these numbers:
The PHSI in the Northeast increased 1.8 percent to 73.9 in December
but is 5.3 percent below December 2009.
In the Midwest the index rose 8.0 percent
but is 5.1 percent below a year ago.
Pending home sales in the South jumped 11.5 percent
and are 1.7 percent above December 2009.
In the West the index fell 13.2 percent
and is 10.7 percent below a year ago.
----------------
So, we must assume, must we not, that since today those of U.S. out West and out of pocket for underwater equities are now buying 13% less homes, and yesterday we bought 72% more brand new homes, and 50% of all homes sold were foreclosed, that NO body bought a resident-occupied existing home.
Go figure! Sold! Explain it?
Both the Ying &Yang to Yun & U.S., please.
---------------
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NAR pending home sales rise 2%
http://www.housingwire.com/
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Pending Home Sales: December 2010
http://seekingalpha.com/article/249166-pending-home-sales-december-2010?source=dashboard_macro-view
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