Comments on: Pending Home Sales- Give it up NAR, We’ve Got Your Graph

By: bigpaws1984

bigpaws1984 — Wed, 13 Jun 2007 14:07:44 +0000

Estate agents believe in fantasy, lies, and deceit. How do you think they make their money? I bought my home in 2003, for a fair price. I constantly have agents asking if I want to sell, as I’d be one of the few who actually stood to gain. However, this will require actually selling the place. When asked how long that would take, the average figure for my neighbourhood is about 180 days. Of course, they say this is improving. Until the numbers prove their point, it’s all hot air. I told them to come back when I can sell for $1 Million nett. That’ll be in about 2027

By: twist

twist — Sat, 02 Jun 2007 07:35:44 +0000

Tobby-

I don’t have the final numbers for yet, but it looks like Phoenix will be up a few points MOM, but down significantly YOY- with better than a nine month supply.

Yun needs to learn the difference between stable and continues to deteriorate.

By: Tobby

Tobby — Sat, 02 Jun 2007 02:37:37 +0000

Based upon a sampling of 4 large MLS systems it appears that May will be worse than April. Additionally, May sales are in the tank too. Down over 40% in Central and South Florida from a year ago! Ouch.

It is of interest to note that “clean” data from the MLSs is available about a week into a new month yet it takes NAR another 3 weeks to release the data. Hmmm.

By: twist

twist — Fri, 01 Jun 2007 22:13:19 +0000

NVMike-

I don’t know how in the world I could write the post that starts, I see housing improving this summer because… I just don’t see ANY data that supports that thesis. That doesn’t seem to stop the NAR however.

It’s not going to help their case much to “reassign” Lereah and replace him with a clone.

By: NVmike

NVmike — Fri, 01 Jun 2007 21:45:53 +0000

With every passing optimistic forecast these people lose more of their remaining credibility.

The blue skiers are seriously deluded.