What can I say, but it’s that time of the month again, time for us to review the Pending Home Sales Index from the National Association of REALTORS®. Historically, this housing report has been a measurement compiled by NAR and then used to proclaim the housing market “stronger than ever,” but I suspect the public [...]
National Association of Realtors
The National Association of Realtors released its monthly Pending Home Sales Report, and it appears as if things are still going well (there seems to be a positive stream of reports now going back 15 straight years). Lawrence Yun (pronounced Yawn by those of us who have tired of his reports that white-wash conditions in [...]
Anybody who follows the real estate market knows that the National Association of REALTORS® (NAR) recently announced that they had been over-stating sales (oops) since 2007. Some people were quick to point out that this announcement means the housing market is doing worse than previously thought, but there might be another reason for this well-timed [...]
Late Tuesday after, CNBC reported that the National Association Of Realtors released a statement acknowledging that their home sales reports have been OVER-COUNTED since January of 2007. That means everybody who relies on REALTOR reports for the US housing markets now knows that things are worse than they previously thought. Who would have thought such [...]
There is a real danger lurking around homeowners all over the country, and this malicious entity often leads to mortgage foreclosure and deficiency judgments. Is it a new bank? A new government program hiding behind the facade of a homeowner assistance program? Perhaps even a loan modification organization that caters to homeowners in distress … [...]
According to the National Association of REALTORS®, pending home sales rose 18% from September to October and rose 3% over October 2010. As we have mentioned in previous posts, a home sale is classified as “pending” when a purchase agreement has been signed but the transaction has not yet closed, and typically the sale closes within [...]
When you want the quickest and most current report on real estate, you must turn to the pending home sales report. The Pending Home Sales Index published by the National Association of REALTORS runs 25 to 30 days after the data has been recorded, whereas the Tallahassee Pending Home Sales Report is published frequently, with [...]
Every month, the National Association of REALTORS® publishes the Pending Home Sales Index which is a report of the total number of signed real estate contracts awaiting closing. If you have read any of my reviews of these reports, then you will understand why Dr. Lawrence Yun’s head is spinning in the image on the [...]
Every month I like to read the National Association of REALTORS® Existing Home Sales Report to see how Lawrence Yun is going to positively interpret the data being reported from all the US housing markets. Last month he blamed the weather, this month apparently the problems were due to contract cancellations. Regardless, he is still [...]
