Exclusive Data: Home Sales All About Price
Anybody pick up a newspaper this morning? Home price chatter is all the rage, thanks to a rare, positive report from the folks at S&P Case Shiller.
Now, apparently, it's time for everybody to take a side: Has housing hit bottom or hasn't it? Don't worry, I won't answer that question. Not my job.
I will answer a question that I was asking into the air yesterday, and that is, what's selling at what price point?
I absolutely detest these wildly generalized reports that say, "home prices nationwide are up or down X percent." That doesn't mean anything.
So I asked the National Association of Realtors to pull some data for me on where sales stand at specific price points. Have a look, and I think it might help you to understand better whether or not housing has "hit bottom."