Wanna guess the NAR numbers out this Friday?

[latesummer2008]

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

[cr]

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.”

[cr]

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.”

[latesummer2008]

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

[latesummer2008]

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

[waiting hawk]

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

[waiting hawk]

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

[Anonymous]

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

[Anonymous]

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

[latesummer2008]

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

[latesummer2008]

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

[cr]

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.

[cr]

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]

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