Baron Briefs » hitwise http://blog.realtybaron.com Real estate news and commentary from RealtyBaron.com Mon, 26 Jul 2010 21:57:37 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Hitwise Researcher Predicts Rebound in Sales http://blog.realtybaron.com/2006/08/25/hitwise-researcher-predicts-rebound-in-sales/ http://blog.realtybaron.com/2006/08/25/hitwise-researcher-predicts-rebound-in-sales/#comments Fri, 25 Aug 2006 20:44:17 +0000 realtybaron http://blog.realtybaron.com/2006/08/25/hitwise-researcher-predicts-rebound-in-sales/ Two reports this week indicated the U.S. housing market continues to slow. On Wednesday, the National Association of REALTORS® released existing home sales data showing July sales slipped 11.2% from a year ago. On Thursday, the Census Bureau reported new home sales were down down 21.6% from a year ago.

Fear not, says Bill Tancer, General Manager of Global Research at Hitwise. He’s plotted NAR’s existing home sales against the search term “homes for sale” and predicts an uptick come September:

…barring any unusual circumstances over the next week, our search term data indicates a reversal in the downward trend reported by NAR yesterday. The August numbers, scheduled to be released September 25th, should reflect that reversal.

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