Sunday, April 26, 2009

Foreclosures, Home Sales and Profit Motive

Here are two more excellent posts by expert analyst Ira Artman.

First in “Drawn and Quartered”, Ira both illustrates the differences between seasonally adjusted, non-seasonally adjusted and annualized data series as well as giving us a better view of foreclosures relative to annualized new and existing home sales.

Next in “No News Is … No News” Ira demonstrates a startlingly cool correlation between housing turnover (total home sales / housing stock) and profit motive (annual home price change – mortgage interest rate)…. This is a particularly interesting exercise in that 5 data series are leveraged to build a correlation between two concepts that we would generally assume to be true but SEEING (the data) IS BELIEVING! Bravo Ira!