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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (42667)9/30/2005 8:38:25 AM
From: russwinter  Read Replies (1) of 110194
 
CI makes a point about the existing and new home sales data, one is lagged, one more current;

One thing to remember when looking at home sales is that existing home sales are reported when the sales actually close. We’re looking at purchases of existing homes that were initiated two and maybe three months ago. In contrast, new home sales are posted when the initial contract is signed, not when they ultimately close escrow. So, new home sales data is about what's happening now. Existing home sales data is about what happened yesterday, so to speak. Again, what happens in the months ahead in terms of trending will be very important.
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