I’m not so sure about the numbers, but I have a pretty good idea on what the commentary will BS.. I mean… be.
Here it is:
U.S Total # of Sales DOWN 7% year over Year
“This is largely due to irregular weather patterns, and a decrease in the migration patterns of the spotted red crane.”
U.S. Total # of Sales Down 3% Month to Month
“Since the previous month was so strong, this really indicates a stabilization of the market as buyers who didn’t buy over the last 5 years because they couldn’t get loans, or didn’t have any equity are now looking to buy.” (oh wait…)
U.S. Median Sale Price Down 1% Year over Year
“This is a sign that prices have corrected and will begin to rise. This is due to increased sales in lower prices homes, and should begin to increase late 2007, early 2008.”