This week brought more good statistical news for the housing market. Existing home sales rose at a decent clip in November, nearing post-bubble highs not seen since the artificial spike from the homebuyer’s tax credit (I’ve noted that the end of the Mortgage Forgiveness Debt Relief Act could be giving the same spike). Inventory fell [...]
|By: David Dayen Tuesday October 23, 2012 11:38 am|
Zillow, the housing website for some reason seen as a credible analyst of housing prices, reports today that US home values have increased by the most since 2006, the year before the housing collapse. This sounds like a breakthrough until you recognize that the price gain in the third quarter being lauded here is a [...]
|By: David Dayen Wednesday September 26, 2012 10:59 am|
New home sales stayed flat in August, a modest miss from expectations. Still, new home sales are on track for a 16% increase year-over-year. This still puts annual sales at the third-lowest on record, but it’s a boost from the bottomed-out years of 2010 and 2011. The recovery is sluggish, but it’s moving in an upward direction.
|By: David Dayen Wednesday September 19, 2012 11:36 am|
The housing analyst community is enthralled again today by good topline news reports. Housing starts increased according to the Census Bureau, though there’s substantial margin for error in that report, plus or minus 10%. The estimate of 750,000 seasonally adjusted annual housing starts was actually below expectations of 768,000, but up year over year. Then [...]