Home sales increase – is it bad news?
Thursday, 22 December, 2016 02:07
More data that seems to contradict itself in home sales – we try to set it straight!
We are going to talk about several topics that seem to be at odds with themselves. Not the least of which focuses on a topic that I have been talking about for over a year and that the big sites in real estate news just now seem to be realizing. That is that creating buyers is not the solution to our problem – but are the only solutions that have been implemented. With the focus on home sales rather than home building, we just re-create the problem that got us into so much trouble last time.
In fact, the actions we have taken over the last couple of years are just reproducing the exact same scenario that got us in trouble last time. We will also examine the amazing contradiction between home builder sentiment and what home builders are actually doing. Finally, we will take a minute to try and explain the month to month increase in all cash deals that we have been seeing.
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