Home sales follow rates... Down

[greengrass]

For those that follow the housing market. Is the sales downturn following a seasonal tread?

[Aitrus]

I'm not sure if they're closely linked to the overall job rate or Federal Reserve's interest rate, but the housing sector of the economy definitely has a seasonal trend: trending up in the spring, flatlining in the summer, trending down in the fall/winter. This is due mostly to people tending to move to new geographic locations more in spring and summer and not in fall fall or winter. This means that more new homes get started in the spring, and home buying and selling is more often done in spring and summer.

This chart reflects new home building seasonal tendencies
http://www.equityclock.com/2010/09/20/c ... asonality/

This one reflects exist home sales
https://charts.equityclock.com/u-s-existing-home-sales

Other charts related to the housing market
https://charts.equityclock.com/category ... on/housing

[greengrass]

Thanks, Aitrus. That makes sense, I was thinking the housing market would have had some more strength as the rates lowered. I was expecting a causation but didn't see it.

[nikko]

It might also be a delayed stat. Some may be waiting for the next rate cut.

[HighRisk]

It might also be a delayed stat. Some may be waiting for the next rate cut.

Are we expecting another rate cut soon?