Menu

Home › Forums › Housing › Wanna guess the NAR numbers out this Friday?

Viewing 13 posts - 1 through 13 (of 13 total)
  • Author
    Posts
  • May 21, 2007 at 8:46 PM #9136
    latesummer2008
    Participant

    National figures for existing home sales in April, are due out Friday. Any guesses for Year over Year? Of course, they will try to spin the numbers Month to Month, or state the Median Prices. But, even that will be tough, this month.

    Here’s my guess:

    U.S Total # of Sales DOWN 6% year over Year
    U.S. Total # of Sales Down 1% Month to Month
    U.S. Median Sale Price Down 2% Year over Year

    No positive numbers in April. Mortgage mess begins to take its toll…

    http://westsideremeltdown.blogspot.com

    May 22, 2007 at 10:24 AM #54299
    cr
    Participant

    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.”

    May 22, 2007 at 10:24 AM #54312
    cr
    Participant

    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.”

    May 22, 2007 at 2:13 PM #54376
    latesummer2008
    Participant

    Spinmiesters are Revving up their BS. I Can’t believe anyone takes them seriously anymore.

    Wait until this summer when things get ugly.

    http://westsideremeltdown.blogspot.com

    May 22, 2007 at 2:13 PM #54388
    latesummer2008
    Participant

    Spinmiesters are Revving up their BS. I Can’t believe anyone takes them seriously anymore.

    Wait until this summer when things get ugly.

    http://westsideremeltdown.blogspot.com

    May 22, 2007 at 6:14 PM #54403
    waiting hawk
    Participant

    cooprider14, I laughed my f’n azz off. Funny!

    May 22, 2007 at 6:14 PM #54416
    waiting hawk
    Participant

    cooprider14, I laughed my f’n azz off. Funny!

    May 22, 2007 at 10:20 PM #54445
    Anonymous
    Guest

    c14, you DO have a future in NAR public relations!

    May 22, 2007 at 10:20 PM #54458
    Anonymous
    Guest

    c14, you DO have a future in NAR public relations!

    May 23, 2007 at 5:31 AM #54455
    latesummer2008
    Participant

    Blame it on the Weather, the Calendar, who knows, maybe NAR will start measuring sales:

    Week to Week,

    Day to Day,

    Hour to Hour….

    Surely they can cherrypick something out of the data.

    Some people believe there could be as much as a 10% ERROR to the downside, in their reporting. Trying to float through this “soft patch”, I guess. It will be interesting to see, what they come up with. Hopefully, they don’t read this blog and steal c14s lines!

    http://westsideremeltdown.blogspot.com

    May 23, 2007 at 5:31 AM #54468
    latesummer2008
    Participant

    Blame it on the Weather, the Calendar, who knows, maybe NAR will start measuring sales:

    Week to Week,

    Day to Day,

    Hour to Hour….

    Surely they can cherrypick something out of the data.

    Some people believe there could be as much as a 10% ERROR to the downside, in their reporting. Trying to float through this “soft patch”, I guess. It will be interesting to see, what they come up with. Hopefully, they don’t read this blog and steal c14s lines!

    http://westsideremeltdown.blogspot.com

    May 23, 2007 at 10:25 AM #54485
    cr
    Participant

    I’m working on trademarking these responses and licensing them to the NAR, NAHB, MBAA, Helicopter Ben, and Greenspans new company.

    I agree though, these guys find the silver lining in the blackest shadow of the biggest asteroid ever to hit the earth.

    You do have to admire their optimism though.

    May 23, 2007 at 10:25 AM #54498
    cr
    Participant

    I’m working on trademarking these responses and licensing them to the NAR, NAHB, MBAA, Helicopter Ben, and Greenspans new company.

    I agree though, these guys find the silver lining in the blackest shadow of the biggest asteroid ever to hit the earth.

    You do have to admire their optimism though.

  • Author
    Posts
Viewing 13 posts - 1 through 13 (of 13 total)
  • You must be logged in to reply to this topic.