The National Association of REALTORS ® recently reported that its existing -
home sales index saw home prices tick up 12.8 percent in October year - over-year.
Not exact matches
However, he said the MLS
home price
index composite benchmark, which strips out the impact of changes in the mix of
home sales, was down 5.2 % compared with a year ago and the number of new listings in April had plunged to 16,273, a 24.6 % decrease from the 21,571 listings
seen last year at the same time.
Today has already
seen the release of the Chicago Purchasing Managers Statistics (62.6 actual versus the prior 65.5), U.S. Pending
Home Sales Index (6.1 % actual vs. 0.4 % prior) and the Dallas Fed Manufacturing
Index (11.4 vs. 8.0 prior).
I would love to
see time - series of their
index on the same graphs as time - series of home prices so I could see for myself if the Weiss Residential Index is a good leading indicator of future home sale pr
index on the same graphs as time - series of
home prices so I could
see for myself if the Weiss Residential
Index is a good leading indicator of future home sale pr
Index is a good leading indicator of future
home sale prices.
In this week's economic review, new and existing
home sales saw opposite results heading into 2017 while
home prices in both
indexes saw losses.
Pending
Home Sales (PHS) can now be
seen on the MVHR Data Summary along with the Transactions Per Month
Index.