Once again, Friday is upon us, and I'm ready to trick-or-treat...well, not me, my son (and I normally collect 10% of candy off the Gross Candy Margin - the "GCM"). Sorry, I needed to start the day with a little bit of sweet humor. OK, enough puns.
Now, speaking of margins and indices, I just wanted to recap a few news items that were released from mid-week up to now, since we already touched on the Existing Home Sales numbers this past Monday.
The S&P/Case-Shiller Home Price Indices were released, and it showed us that home prices slowed down in August, with a drop in the growth rates in 17 of the 20 large metropolitan areas that were covered, and 10 of the 20 city composites. Interestingly enough, the FHFA Monthly House Price Index reflected price increase of 0.4 percent from July to August.
New Residential Sales numbers were also released, and they show a 6.6 percent increase over the revised August rate, however, substantially below September 2009 (to the tune of a 21.5 percent decrease). Comparing the August-September span for the New Residential Sales to the same period of time as the Existing Home Sales numbers from Monday (where the National Association of Realtors stated that, "Existing-home sales rose again in September, affirming that a sales recovery has begun".), things are looking up. Just don't pay attention to the last 12 months up to that period of time, since that will taint your happiness over this "housing recovery".
Any comments? Questions? Concerns? Any specific topics you want to see covered in our Blog?
Doing anything cool this Halloween weekend? If so, E-mail me with your exciting and scary plans for Halloween, and I'll send you a copy of "Secrets of Rent to Own". Over to you...
Have a Great Weekend, a Safe and Happy Halloween, and Happy Rent-to-Owning !
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