Friday, July 24, 2009

A Few Observations on Existing Home Sales

Is cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 rate of existing home sales stabilizing? Let's take a look. First, here is a chart of sales in a shorter time frame:


Notice that before all of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 really big financial problems of last summer/fall sales had been more or less stable for about a year. Then sales dropped again to a slightly lower level. However, notice that gray lines have been increasing for three months and again appear to be stabilizing. However,


Click for larger image

What is cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 more normal level of home sales? Notice on cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 longer chart we can eyeball two areas of possible "normal" existing home sales. Which one of those areas would apply to a period of massive household de-leveraging and high unemployment? In that situation I would lean towards cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 lower level. But we are also now in an environment where housing is growing more and more affordable, sellers want to make deals and cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re is a massive tax credit for buyers. In addition, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 rate of annual existing home sales has been within a fairly small range for almost two years now. Given those factors maybe its cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 higher level.

Housing got us in this mess and its going to take a long time to get us out. As a result, I'm reluctant to make any predictions about cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 housing market.

However, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 tight range of sales for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 last two years is cause for hope.