Numbers for existing home sales posted by NAR (8%, mortgage, mortgages) - Real Estate -Brokers, appraisals, development, lease, investing, relocation, apartments, houses, condos, values, mortgages, loans... - City-Data Forum

DUKE1989 · 04-03-2007, 08:53 AM

What do you guys think of the numbers posted by the National Association of realtors? Are they showing the housing situation improving or what?

Carolina_native · 04-03-2007, 12:51 PM

In a For Sale Magazine for Charlotte homes it said that lots in the future exit 32 area were valued at $4,000 just 4-5 years ago, now its $400,000.

CharlotteAgent · 04-03-2007, 01:16 PM

Homes in the first quarter this year are up by 10% over this time last year.

Real Estate is local and not National.

DUKE1989 · 04-04-2007, 09:37 AM

Quote from article below"The National Association of Realtors' index for pending sales of existing homes rose in February at a seasonally adjusted annual rate of 0.7 percent. The index is well below where it was a year ago but stronger than investors expected, reassuring them that the housing sector, while weak, is not being pummeled by the struggling subprime mortgage sector."

Had to laugh at people calling a 0.7% increase in the pending home sales index a positive and signs the housing market is stabilizing. Read the attached article from Detroit and you see the index actually took a nose dive year over year with a decease 8.5% from Feb. 2006. Ahhhh, you got to love the National Association of Realtors and those the never blinking eyes behind those ROSE COLORED GLASSES> Funny thing is you will note the statement about sub prime mortgages not having any effect, well subprime did not blow up until the next month lets see what next months numbers look like. The report from the NAR is attached you will see the SOUTH also declined by 8.0%. Now that is stabilization.

http://biz.yahoo.com/ap/070403/wall_street.html?.v=51 (broken link)
Story that lists many numbers
http://www.detnews.com/apps/pbcs.dll/article?AID=2007704030432 (broken link)
NAR report
http://www.realtor.org/Research.nsf/files/PHS.xls/$FILE/PHS.xls (broken link)

CharlotteAgent · 04-04-2007, 09:45 AM

You cannot compare Detroit to Charlotte.

DUKE1989 · 04-04-2007, 09:54 AM

As usual you did not read the article it points of the 8.5% decline nation wide. This is not a comparision of Charlotte to Detroit. CHARLOTTE IS LOCATED IN THE SOUTH THE LAST TIME I CHECK AND THE SOUTH WHICH IS WHERE CHARLOTTE IS LOCATED HAD 8% DECLINE (WHICH IS LOWER...YES, THIS IS BAD) FROM THE FEB 2006 NUMBERS. let me know if you need additional assistance always here to help

flyingscotsman · 04-04-2007, 09:57 AM

The south is a rather large area, you cannot compare Charlotte to the rest off the south.

lovesMountains · 04-04-2007, 09:58 AM

Quote:

Originally Posted by flyingscotsman

The south is a rather large area, you cannot compare Charlotte to the rest off the south.

The intelligent among us seem to understand that

CharlotteAgent · 04-04-2007, 10:06 AM

Read the attached article from Detroit and you see the index actually took a nose dive year over year with a decease 8.5% from Feb. 2006. Ahhhh, you got to love the National Association of Realtors

Then why even bring it up? What is your real motive for being on this board?

DUKE1989 · 04-04-2007, 10:09 AM

Since it appears that you believe that Charlotte is in some other dimension and not currently located in the South. What makes Charlotte soooooo different then from other areas, cities or what ever you are comparing to think that Charlotte is different. I don't see it and have I lived here for a longgggggggg time not just a few months.