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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Ramsey Su who wrote (31177)4/25/2005 4:12:51 PM
From: CalculatedRisk  Read Replies (1) | Respond to of 110194
 
Existing Home Sales have always been worthless as an indicator ... it is a trailing indicator. The NAR's new PHSI is supposed to improve on the timeliness - we will see.

Personally, I just ignore NAR reports and stick with New Home Sales (out tomorrow).



To: Ramsey Su who wrote (31177)4/25/2005 4:15:20 PM
From: ild  Read Replies (1) | Respond to of 110194
 
I fail to see how Pending Home Sales Index is a leading indicator.