Posted by Jonathan J. Miller -Wednesday, August 31, 2011, 9:32 PM
Ok, so Irene has left the building but so has most of our electrical power. As of this post, my town in CT is down to 39% remaining without power (includes my house) and 25% of homes in the entire state are without power – that’s 310,661 homes or less than 1/10 the number that watched the Weather Channel during Irene.
We were blessed with at least 2 national market reports this week which I examined over at MRIS Blog:
S&P/Case Shiller Home Price Index: S&P/Case Shiller: Seasons Don’t Exist In Housing Market?
The S&P/Case Shiller Home Price Index was released today reflecting the average of April-May-June closings which likely went to contract as early as January-February-March when the housing market began to wake up after a post-tax credit slumber in the second half of 2010. [read more]
NAR Pending Home Sale Index: NAR pendings released today (RBI release was 19 days ago); Fell 1st time in 3 months
The NAR released its national pending home sales index on re-sales today covering the same period (warning: gloat) we released the RealEstate Business Intelligence‘s RBI Pending Home Sales Index for Washington, D.C. Metro and Baltimore Metro back on August 10th. [read more]