Home Sales Are Up, Home Supply Is Down — This Is What A Recovering Market Looks Like
Statistics are what you make of them, but sometimes, they can provide good perspective. For example, from its peak in 2005 to its trough in late-2007, the number of “used” homes sold nationwide plunged. In 2005: Roughly 7 million homes sold annually In 2007: Roughly 5 million homes sold...
Foreclosures Fell 12 Percent in September 2008
According to foreclosure-tracking service RealtyTrac, the foreclosure rate is falling nationwide.  Versus August, foreclosures fell by 12 percent in September 2008 as more than half of the states showed month-over-month improvement.  Most interesting in the data is that several states that led...
Falling Home Supplies Are Bad for Buyers
Aug Home Supply The August Existing Home Sales report was released Wednesday, showing a decline in the number of homes sold nationwide, and a reduction in the median sales price.  Not surprisingly, the media singled these two statistics out, playing them as a big negative.  They’re not. The...