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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (56522)3/22/2006 3:39:34 PM
From: CalculatedRisk  Read Replies (1) of 110194
 
Good point. Here is the Purchase Index since November 4, 2005:

Nov 4: 464
Nov 11: 478
Nov 18: 472.3
Nov 25: 476.3
Dec 1: 495.1
Dec 8: 477.9
Dec 15: 453.1
Dec 22: 432.9
Dec 29: 418.3
Jan 6: 457.4
Jan 13: 443.9
Jan 20: 473.9
Jan 27: 435.7
Feb 3: 425.1
Feb 10: 391.7
Feb 17: 408.7
Feb 24: 400.8
Mar 3: 399
Mar 10: 403
Mar 17: 393.6

Its really only been the last 6 weeks that have been around 400. Since it usually takes about 45 to 60 days for a property to close, this drop to 400 will start showing up soon in sales.
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