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Existing Home Sales: The Real Numbers Are Much Worse Than Reported
by David Kranzler
Investment Research Dynamics
To start, please reserve any judgement on the Census Bureau’s new home sales report released yesterday (Thursday, 9/24), which showed an absurd bounce in new home sales during August. The numbers compiled and statistically manipulated to by the Census Bureau diverged significantly from any private-sector reported data, like mortgage applications and the actual reported results of homebuilders. I’ll get this matter in the near future.
The existing home sales report released earlier in the week showed that existing home sales expressed in terms of the National Association’s statistically manipulated “seasonally adjusted annualize rate” dropped 5% from August.
Continue Reading at InvestmentResearchDynamics.com…
Source: http://financialsurvivalnetwork.com/2015/09/existing-home-sales-the-real-numbers-are-much-worse-than-reported/?utm_source=rss&utm_medium=rss&utm_campaign=existing-home-sales-the-real-numbers-are-much-worse-than-reported
