Relevant:
- Mr. Mortgage: NO SPIN - Existing Home Sales DOWN 9.6% From Aug…Not Good
- Mr. Mortgage: August CA Home Sales & Foreclosure Report…Plus National ‘Existing Home Sales’ Preview
- Mr. Mortgage: CA Association of Realtors Needs a Math Class…Perhaps Ethics as Well
- Existing Home Sales – Lying Is a Time Honored Sales Tactic
- Existing Home Sales (NSA)
2008-10-20 — ml-implode.com
In Sept 2008, total sales were in fact up 65% over last year at 20,497. But, 50% were foreclosure related meaning only 10,249 organic sales went off. This is significant and worse than a year ago. Also, remember that last Sept sales plunged by 30% from August due to lenders pulling out of the jumbo market all at the same time so it was not a tough month to beat.
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