InterNACHI's Pending Home Sales Indicator up for second month in a row

gromicko · March 1, 2023, 6:54am

ccallais · March 2, 2023, 4:48am

Sorry, I don’t understand this indicator.

What do the two different colored lines represent?
Why do they diverge ever so slightly and converge again?
Where is the information on the X-axis of the chart? What do those horizontal lines signify?

wcarmichael · March 5, 2023, 4:55pm

Was this chart made by an 8th-grade student? There are no Y-axis data references. What data is on the Y-axis? Why aren’t the graph lines labeled? This graph seems more like a marketing tool to advertise InterNachi rather than a useful tool. Inspectors are supposed to be detail oriented. If you are going to do something please do it correctly.

gromicko · March 5, 2023, 5:31pm

I made it. It accurately predicts NARs version, 35 days earlier. It is why Wall Street traders are using it.

Again, all of Wall Street trades on NAR Pending Home Sales Indicator. They wait for the second it comes out. Actually, the millisecond. InterNACHI one accurately predicting for 2 years now, 35 days in advance. How much more correct can it get? It is dead on, month after month.

It is only a number relative to itself in the past, used to create the vector.

Click on the link and scroll down. I explain what they BOTH are. I think perhaps you accidentally just looked at the image only.

wcarmichael · March 5, 2023, 5:55pm

I don’t believe this is the chart the "Wall Street " uses. I guarantee you that “Wall Street Traders” do not use this chart. Get me a review from someone at Barclay’s or the UBS Group. You can’t. Nick, you are an excellent marketer but I’m calling BS on this. Here are links to the actual information that traders use Which would be far more useful than this data deficient chart.

gromicko · March 5, 2023, 6:02pm

The links you posted come out 35 days after the InterNACHI one does and reveal the very same thing as ours does, only much later. I will give you an example using your own link. Note that your own link you posted says sales were up 8.1% in January. That was released by NAR in February. Ours came out predicting it in December.

For obvious reasons, our data is not only available to us earlier, it is way more accurate.

wcarmichael · March 5, 2023, 6:06pm

Ok…I’ll concede that you have two lines that appear to be moving in an upward trend and that the information was timely. Please quantify the movement using only the chart.

wcarmichael · March 5, 2023, 6:17pm

My only point is that the chart does not have a Y-axis that conveys the amount of movement or the metric in use and the lines are not labeled so that we know what we are comparing. Without that data, I cannot determine that an 8.1% growth rate occurred in January, or what happened in February. Normally, when you click on a chart you will get an enlarged and expanded view. That’s not what happens with your link. I just think you should consider improving the presentation. Clicking on the link to get an expanded view with all of the data that isn’t present in this chart would be much more intuitive and useful.

gromicko · March 5, 2023, 9:06pm

I would not know what to label the Y axis as I made it up (the formula is a bit complex) only so that the graph could generate and could be easily understood when viewed. The Y axis data is not pulled from anywhere. It is derived.

gromicko · March 6, 2023, 2:28am

Also, the reason InterNACHI’s can come out more than a month ahead of NAR isn’t because NAR is slow or anything. It’s that they don’t have the data yet. InterNACHI’s graph is based off of accepted offers (only InterNACHI has that info, not NAR).

gromicko · March 6, 2023, 2:39am

Now here is how to make money using InterNACHI’s Pending Home Sales Indicator. I release a new chart at the end of every month. As soon as it comes out, see if sales are increasing or decreasing. Then ask yourself… what are money managers going to do if NARs pending home sales indicator coincides with InterNACHI’s (it has for two straight years). What stocks are they going to buy and what stocks are they going to dump or even short? Then do the same.

I would think stocks like Redfin or maybe furniture companies (people buy new furniture after they move into their new house) would do well when InterNACHI’s Pending Home Sales Indicator points up.

Look at InterNACHI’s latest graph again, and then look at Redfin and William Sonoma stock price for example.

Here is the same timeline screenshot from William-Sonoma (largest furniture company in U.S.):