Read my latest Bloomberg View column Housing’s New Wealth Effect. Please join the conversation over at Bloomberg View. Here’s an excerpt…
It was a busy week for housing market reports. The U.S. Census published its new home-sales results for August, showing an 18 percent gain from the prior month and a 33 percent increase from August 2013. News headlines relied on words such as “surged” and “soared” to describe the results.
Only a few days earlier, the National Association of Realtors released its existing home-sales report for August, which showed month-over-month sales falling for the first time in four months. The inventory of unsold properties was 4.5 percent higher than a year earlier. I recently addressed the market slowdown in “Understanding Housing’s Dog Days.”
My Bloomberg View Column Directory
My Bloomberg View RSS feed.
Tags: Existing Home Sales, Inventory, New Home Sales, Absorption, Wealth Effect, U.S. Census, NAR, National Association of Realtors
If you haven't already, sign up for
'Housing Notes' to receive weekly insights and research. 
Favorite "How to Value" Posts
[…] Bloomberg View Column: Housing’s New Wealth Effect […]