tyb
NAR: Pending Home Sales Decreased 5.2% in March; Down 23.2% Year-over-Year
Pending home sales decreased in March for the first time since November 2022, according to the National Association of REALTORS®. Three U.S. regions posted monthly losses, while the South increased. All four regions saw year-over-year declines in transactions.
The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – waned by 5.2% to 78.9 in March. Year over year, pending transactions dropped by 23.2%. An index of 100 is equal to the level of contract activity in 2001. "The lack of housing inventory is a major constraint to rising sales," said NAR Chief Economist Lawrence Yun. "Multiple offers are still occurring on about a third of all listings, and 28% of homes are selling above list price. Limited housing supply is simply not meeting demand nationally." (that is because if they sit too long they get pulled and everyone knows the FOMC gonna raise rates next week-this guy (and the one before him David Lereah-wrote a book before he left that basically said Real Estate will never crash" Property Values Will Continue to Climb Through the End of the Decade"…in 2005) always the perpetual cheerleader but even he can't spin the -YoY #)
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The Northeast PHSI fell 8.1% from last month to 66.6, a decline of 24.3% from March 2022. The Midwest index dropped 10.7% to 75.7 in March, down 21.5% from one year ago. The South PHSI improved 0.2% to 99.6 in March, falling 19.8% from the prior year. The West index decreased 8.0% in March to 59.4, reducing 32.2% from March 2022.
This is way below expectations of a 1.0% decrease for this index. Note: Contract signings usually lead sales by about 45 to 60 days, so this would usually be for closed sales in April and May.
https://www.calculatedriskblog.com/2023/04/nar-pending-home-sales-decreased-52-in.html
noes his shit so why not
N757AF 757 departed Palm Beach Int'l
45 is scheduled to speak in Manchester, NH-The Armory at the DoubleTree Manchester @ 4pm EST
https://www.uspresidentialelectionnews.com/2023/04/watch-live-trump-speaks-today-in-manchester-new-hampshire-apr-27/
N108PB G650 departed Palm Beach Int'l heading NE and on descent over MASS.-not good coverage on it-doesn't wanna update very much
Yesterday it returned to Palm Beach from Morristown Muni Airport after leaving Palm Beach on 0425
Used by 45/legal team/fam
N108PB G650 on final at Barnes Muni Airport Westfield, MASS
>>18761583 lb
PF: 92-9000 went around FL and north nao-looks like a run up towards NE
N757AF 757 at cruising alt @39k ft heading for Manchester, NH
N108PB G650 departed Barnes Muni Airport Westfield, MASS and W on ascent
PAT497A C-26D Metro stopped at Orlando/Melbourne Int'l and just ahead of N757AF
Those 2 RAF tankers went to Portsmouth Int'l Airport (one off screen)