I wanted to share with you the latest housing and economic data released by N.A.R. (National Association of Realtors). These figures are through July ~ so they do not include the time frame with Countrywide's bad financial situation ~ and the information is compiled from nationwide data.
I sometimes wonder when I see announcements such as this if anyone has visited my neighborhood to get information. Our area has not seen an increase in housing starts, and I really don't see that consumer confidence is higher than earlier this year. Quite frankly I see people as more nervous about the economy and their job security. However, it does give us all a reason to be hopeful that we are almost, or at least on our way, out of this mess.
We'll see what the numbers look like at the end of August and September when the impact of some of the largest lenders going belly-up show. If the numbers still remain positive than we can all start breathing and hoping by the end of next year this will actually be considered the past!
I sometimes wonder when I see announcements such as this if anyone has visited my neighborhood to get information. Our area has not seen an increase in housing starts, and I really don't see that consumer confidence is higher than earlier this year. Quite frankly I see people as more nervous about the economy and their job security. However, it does give us all a reason to be hopeful that we are almost, or at least on our way, out of this mess.
We'll see what the numbers look like at the end of August and September when the impact of some of the largest lenders going belly-up show. If the numbers still remain positive than we can all start breathing and hoping by the end of next year this will actually be considered the past!
HOUSING & ECONOMIC INDICATORS
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| Current Figures | Time Period Covered | Next Release Date | |
| SAAR* of 5.75 million units -- down 3.8% from previous month. Median price up 0.3% | June | 8/27 | |
| 102.4 -- up 5.0% from previous month | June | 9/5 | |
| SAAR* of 834,000 units -- up -6.6% from previous month | June | 8/24 | |
| SAAR* of 1.381 million units -- up 2.3% from previous month | July | 9/19 | |
| 104.4 -- down 5.4% from previous month | June | 8/30 | |
| 465 -- up 3.9% from previous week | Week of 8/10 | 8/22 | |
| 6.62% -- up 2 basis point from last week | Week of 8/16 | 8/23 | |
| 3.4% -- up from 2006:Q2 | 2007:Q2 | 8/30 | |
| Surged 8.7 points to 112.6 | July | 8/28 | |
| up 92,000 jobs from previous month | July | 9/7 | |
| edged up 0.1% from previous month | July | 9/15 | |
| up 0.7% from the previous month | July | 9/18 | |
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| July | 9/14 | |
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Copyright NATIONAL ASSOCIATION OF REALTORS®
Headquarters: 430 North Michigan Avenue, Chicago, IL. 60611-4087
DC Office: 500 New Jersey Avenue, NW, Washington, DC 20001-2020
1-800-874-6500
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