Here's why you can expect weak home sales in 1Q2014
4 charts show you where this quarter is going
There are early signs that housing sales and home prices for the first quarter of 2014 are going to be weak.
Lawrence Yun, chief economist at the National Association of Realtors, told HousingWire on Monday that he’s already seeing signs that the first quarter of 2014 is going to be weak for home sales.
Now comes data from DQNews that show sales for the last 30 days have been way down.
Using the most current data from the last 30 days, DQNews covers 99 of the largest 100 metropolitan statistical areas in the United States.
Their numbers are not modeled, but represent real sales counts and medians. (They brag that behind every digit in their data is a sales event in their database.)
First, home sales and home prices:
Next up, a historical look at home prices and sales going back monthly through 2012.
Click below for the final two critical charts.