Fund Manager: Actual Home Sales Are Tanking – Here’s The Proof
by Dave Kranzler of Investment Research Dynamics The National Association of Realtors (NAR – existing home sales reports) and the Census Bureau (new home sales reports) report monthly sales on a “seasonally adjusted annualized rate” basis (SAAR). Notwithstanding the reliability – or lack thereof – of the “seasonal adjustments,” it would seem absurd to report monthly home sales … Read more