Comments on: Dollar Value Inventory of Unsold Homes http://www.ritholtz.com/blog/2007/12/dollar-value-inventory-of-unsold-homes/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Thu, 18 Mar 2010 23:37:31 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: halbhh http://www.ritholtz.com/blog/2007/12/dollar-value-inventory-of-unsold-homes/comment-page-1/#comment-57609 halbhh Mon, 31 Dec 2007 02:45:06 +0000 http://thebigpicture.dev.wilder.ca/blog/2007/12/28/dollar-value-inventory-of-unsold-homes/#comment-57609 btw, this is a great, beautiful graph. Thanks, BR. btw, this is a great, beautiful graph. Thanks, BR.

]]> By: halbhh http://www.ritholtz.com/blog/2007/12/dollar-value-inventory-of-unsold-homes/comment-page-1/#comment-57608 halbhh Sat, 29 Dec 2007 16:53:06 +0000 http://thebigpicture.dev.wilder.ca/blog/2007/12/28/dollar-value-inventory-of-unsold-homes/#comment-57608 Quote just above is from: http://online.wsj.com/article/SB119884885661555567.html?mod=economy_lead_story_lsc (here's the quote): "Sales of new homes fell an unexpectedly sharp 9% in November, while small gains reported for the previous two months were largely erased by downward revisions. "The magnitude of the decline, reported by the Commerce Department, surprised economists. Based on earlier sales data, some had hoped that the housing market might be beginning to stabilize. Joshua Shapiro, chief U.S. economist at research firm MFR Inc. in New York, called yesterday's report "stunningly weak." Quote just above is from:

http://online.wsj.com/article/SB119884885661555567.html?mod=economy_lead_story_lsc

(here’s the quote):

“Sales of new homes fell an unexpectedly sharp 9% in November, while small gains reported for the previous two months were largely erased by downward revisions.

“The magnitude of the decline, reported by the Commerce Department, surprised economists. Based on earlier sales data, some had hoped that the housing market might be beginning to stabilize. Joshua Shapiro, chief U.S. economist at research firm MFR Inc. in New York, called yesterday’s report “stunningly weak.”

]]> By: halbhh http://www.ritholtz.com/blog/2007/12/dollar-value-inventory-of-unsold-homes/comment-page-1/#comment-57607 halbhh Sat, 29 Dec 2007 16:51:42 +0000 http://thebigpicture.dev.wilder.ca/blog/2007/12/28/dollar-value-inventory-of-unsold-homes/#comment-57607 BriefRant: Correct Useage of "Weak" (contrast to incorrect useage here re retail sales): "Sales of new homes fell an unexpectedly sharp 9% in November, while small gains reported for the previous two months were largely erased by downward revisions. "The magnitude of the decline, reported by the Commerce Department, surprised economists. Based on earlier sales data, some had hoped that the housing market might be beginning to stabilize. Joshua Shapiro, chief U.S. economist at research firm MFR Inc. in New York, called yesterday's report "stunningly weak." ..... Note here "weak" means a *decline*. Comprende??? Not so hard. "Weak" means *less* sales, not more! I hope posting the correct useage about 5 more times will be enough for me, lest I become stuck on this too long. :-) ... BriefRant: Correct Useage of “Weak” (contrast to incorrect useage here re retail sales):

“Sales of new homes fell an unexpectedly sharp 9% in November, while small gains reported for the previous two months were largely erased by downward revisions.

“The magnitude of the decline, reported by the Commerce Department, surprised economists. Based on earlier sales data, some had hoped that the housing market might be beginning to stabilize. Joshua Shapiro, chief U.S. economist at research firm MFR Inc. in New York, called yesterday’s report “stunningly weak.”
…..

Note here “weak” means a *decline*.

Comprende???

Not so hard.

“Weak” means *less* sales, not more!

I hope posting the correct useage about 5 more times will be enough for me, lest I become stuck on this too long. :-)
…

]]> By: Innocent Bystander http://www.ritholtz.com/blog/2007/12/dollar-value-inventory-of-unsold-homes/comment-page-1/#comment-57606 Innocent Bystander Fri, 28 Dec 2007 19:27:04 +0000 http://thebigpicture.dev.wilder.ca/blog/2007/12/28/dollar-value-inventory-of-unsold-homes/#comment-57606 Interesting comment about asking the title guys about closings. Isn't it done somewhere? Interesting comment about asking the title guys about closings. Isn’t it done somewhere?

]]> By: touche http://www.ritholtz.com/blog/2007/12/dollar-value-inventory-of-unsold-homes/comment-page-1/#comment-57605 touche Fri, 28 Dec 2007 16:30:58 +0000 http://thebigpicture.dev.wilder.ca/blog/2007/12/28/dollar-value-inventory-of-unsold-homes/#comment-57605 There’s also a huge shadow inventory, people who feel the current market is hopeless and who are waiting for a better market before they list or just waiting for foreclosure. There’s also a huge shadow inventory, people who feel the current market is hopeless and who are waiting for a better market before they list or just waiting for foreclosure.

]]> By: Don http://www.ritholtz.com/blog/2007/12/dollar-value-inventory-of-unsold-homes/comment-page-1/#comment-57604 Don Fri, 28 Dec 2007 16:24:50 +0000 http://thebigpicture.dev.wilder.ca/blog/2007/12/28/dollar-value-inventory-of-unsold-homes/#comment-57604 KP, Thanks for the info...I think I get where you are coming from--the range is too extreme for this graph to give much clarity. home value vs. population would certainly be useful. Demographics, no matter how many dollars or yen you print, is destiny. KP,

Thanks for the info…I think I get where you are coming from–the range is too extreme for this graph to give much clarity.

home value vs. population would certainly be useful. Demographics, no matter how many dollars or yen you print, is destiny.

]]> By: David Davenport http://www.ritholtz.com/blog/2007/12/dollar-value-inventory-of-unsold-homes/comment-page-1/#comment-57603 David Davenport Fri, 28 Dec 2007 16:18:24 +0000 http://thebigpicture.dev.wilder.ca/blog/2007/12/28/dollar-value-inventory-of-unsold-homes/#comment-57603 <i>It will take a lot more time to absorb all of that real estate without immigration ... </i> How much house can the average Mexican afford? It will take a lot more time to absorb all of that real estate without immigration …

How much house can the average Mexican afford?

]]> By: Eric Davis http://www.ritholtz.com/blog/2007/12/dollar-value-inventory-of-unsold-homes/comment-page-1/#comment-57602 Eric Davis Fri, 28 Dec 2007 15:19:14 +0000 http://thebigpicture.dev.wilder.ca/blog/2007/12/28/dollar-value-inventory-of-unsold-homes/#comment-57602 Renault: I'm shocked, shocked to find that gamb*ling is going on in here! This market is like Atlas struggling to the finish line... Flat on the year. Renault: I’m shocked, shocked to find that gamb*ling is going on in here!

This market is like Atlas struggling to the finish line… Flat on the year.

]]> By: KP http://www.ritholtz.com/blog/2007/12/dollar-value-inventory-of-unsold-homes/comment-page-1/#comment-57601 KP Fri, 28 Dec 2007 15:08:56 +0000 http://thebigpicture.dev.wilder.ca/blog/2007/12/28/dollar-value-inventory-of-unsold-homes/#comment-57601 <a href="http://en.wikipedia.org/wiki/Logarithmic_scale" rel="nofollow">wikipedia Logarithmic scale</a> Log-scaling is used to display items with logarithmic behaviors. My comment was to the point of taking the log of the dependent variable and plotting it against an independent variable that is as linear as time. Seems like home value vs. population both displayed in log-scale would be more useful. wikipedia Logarithmic scale

Log-scaling is used to display items with logarithmic behaviors.

My comment was to the point of taking the log of the dependent variable and plotting it against an independent variable that is as linear as time.

Seems like home value vs. population both displayed in log-scale would be more useful.

]]> By: Don http://www.ritholtz.com/blog/2007/12/dollar-value-inventory-of-unsold-homes/comment-page-1/#comment-57600 Don Fri, 28 Dec 2007 14:56:27 +0000 http://thebigpicture.dev.wilder.ca/blog/2007/12/28/dollar-value-inventory-of-unsold-homes/#comment-57600 It appears a reversion to the mean would require quite a fall, but I'm no mathematician...what the hell is log-scaling? It appears a reversion to the mean would require quite a fall, but I’m no mathematician…what the hell is log-scaling?

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