The Case Against August’s New Home Sales Data
While the census bureau reported an 18% increase in new home sales month-over-month from July to August, not everybody is convinced of the accuracy of the data and how it reflects on the health of the housing market. With the downward slide in housing stocks continuing, it is clear that many professional investors are not buying the current recovery story – at least not for the short-term.
About author
You might also like
Will 3% Mortgages Boost the Housing Market?
Fannie Mae and Freddie Mac, government-sponsored enterprises, detailed guidelines this week to buy loans from lenders made to borrowers at up to a 97% loan-to-value ratio. As a result of
Headwinds at Home Causing Pause in Chinese Buying
This past year, Chinese buyers overtook Canadian buyers as the top foreign purchasers of US real estates with expenditures of $28.6 billion. The influence has been felt disproportionately at the
Spring Selling Season Starts Off on Right Foot
Although recent existing home sales data has not been that encouraging, new homes sales as reported by the builders would seem to indicate that the spring selling season is off
0 Comments
No Comments Yet!
You can be first to comment this post!