existing home sales Archives

Strengthening Sales

By Econ70 | 07/23/2014

A man standing in front of a podium with flowers.

While existing home sales fell 2.3% in 6/14 to 5.04 million from 5.16 million a year earlier, don’t worry. Sales are at their highest level in eight months, and more importantly distressed sales are down from 15% of all sales in 6/13 to 11% of sales in 6/14. As a result, the number of non-distressed…

Housing Holds

By Econ70 | 03/26/2014

A blue banner with the words north star synergy written in white.

While many fret that existing housing sales have recently been slumping, the angst is misplaced. Since early last year sales have declined 7%, but distressed sales as a percentage of all sales have fallen from 25% of sales to just 15%, a drop of 10 percentage points, more than the 7% drop in sales. Thus,…