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Tim,
Jul 27 14:54 pm
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All Comments by Tom Lindmark »A Bottom May Be Forming in Home Sales [View article]
Never forget that seasonal adjustments are estimates.
One other point that I should have mentioned. The author cites new home sales to make his point about a possible bottom. This statistic may be one of the worst published by the government. New home sales are really a measure of contracts signed to purchase a new home not the closing of an escrow on a new home. The number is subject to wild swings as buyers can and do cancel the contracts prior to completion of the home.