Pending home sales surge.

Pending home sales rose strongly in October and remain above year-ago levels, according to the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, surged 10.4% to 93.3 in October from 84.5 in September and is 9.2% above October 2010 when it stood at 85.5. The data reflects contracts but not closings.

November http://www.thestreet.com/story/11353261/1/existing-home-sales-disappoint-in-november.html

Does anyone know where I can get a chart of existing home sales over the past decade or so?

Nick, you are misinformed.

http://www.kansascity.com/2011/12/21/3331447/home-purchases-up-but-earlier.html

The NAR admits to misinforming the public on over-stating home sales.

Does you know where I can get a chart of existing home sales over the past decade or so?

Not the NAR

They’ve been making it up

http://www.iaconoresearch.com/BlogImages/08-12-23b_existing_home_sales.png

I would not accept any data from the NAR.

They admitted their numbers are badly inflated.

Nick, here is a more current chart.

See this from today

Kevin’s chart is wrong.

What about Reuters?

http://www.mortgagenewsdaily.com/cfs-file.ashx/__key/CommunityServer.Components.UserFiles/00.00.03.44.60/10_5F00_23-Existing-Home-Sales.gif

Their data source is probably also the NAR.:roll:

Just knock 15 percent off the top and it should be accurate. :wink:

Here you go http://www.nachi.org/forum/attachments/f11/47622d1314163510-annual-sales-existing-u-s-homes-homesales.pdf

You can write down any number you want. It will not be correct. In fact, anyone, company, or association can print any number that looks right. Who is?

http://www.foxbusiness.com/industries/2011/12/21/us-foreclosures-surge-21-in-3q/

Everyone needs to understand that the NAR is very upset over the Senate. Last Friday, the two-month extension was introduced, and there is a provision in there that Feddie and Fannie can add a monthly fee of $15 to $30 per month on any new home mortgage, all to help pay for this “legislation”.

The NAR is very upset with it, and are releasing these revised numbers, all to “upset” the legislation. Gotta love politics.