Existing Home Sales
Here's all the housing and other economic data since last week.
Here's what everyone should know about improving existing home sales numbers.
Next week, National Association of Realtors will cave to what CoreLogic called out 10 months ago.
Next week, National Association of Realtors will cave to what CoreLogic called out 10 months ago.
Nov 28-Dec 2 concise outlook on rates, stocks, holiday shopping, jobs, home prices, Europe, QE3 rumors.
Nov 28-Dec 2 concise outlook on rates, stocks, holiday shopping, jobs, home prices, Europe, QE3 rumors.
A word from the trenches on why homebuyers are getting cold feet.
Rates benefit from political paralysis. And a recap of existing home sales.
Initial Jobless Claims -403,000 for the week ending October 15 -Down 6,000 from previous week’s revised 409,000 (was 404k) -4-week moving average was 403,000, down 6,250 from previous week -While the 4-week average continues to decline, this is not a picture of a healthy jobs market. It appears more as a picture of a jobs
Existing Home Sales (August) -Seasonally Adjusted Annual Rate 5,030,000 -Previous was 4,670,000 -Month/Month Change +7.7% –Full report from NAR -Below is a chart of monthly Existing Home Sales (grey bars) and mortgage rates (brown line.) The value if that chart is mitigated by the First Time Homebuyer credit which expired April 2011. People not in
Consumer Inflation -CPI Month/Month: +0.5% -CPI Year/Year: +3.6% -Core CPI Month/Month (less food & energy): +0.2% -Core CPI Year/Year (less food & energy): +1.8% -This retail inflation is always difficult to explain because while it is most certainly the overall number which affects everyone, it is core which is of interest to economists because core
Existing Home Sales -4.77m annual rate for June, down from 7.08m 2005 peak -Down 0.8% since May and down 8.8% since June 2010 -Median home price $184,300, up 0.8% from June 2010. -Distressed homes accounted for 30% of June sales -Inventory rose 3.3% to 3.77 million existing homes for sale -This is a 9.5-month supply
Existing Home Sales: – May: 4.81 Million (annualized) – May Month/Month: -3.8 %, a 6mo low – May Year/Year: -15.3 % – Home Sales remain weak: 9.3mo of supply on market excluding pre-foreclosures. Retail Sales: – Redbook Year/Year +4.2% – ICSC-Goldman week/week -0.7%. Year/Year +2.2% FOMC meeting starts today. I suppose that the task at
After a four week rally that set new 2011 lows, rates are up slightly on net mortgage bond selling since yesterday. Bond yields (or rates) are now back up to the previous 2011 low level set March 16 after the Japanese earthquake and ‘not-a-war’ in Libya reached peak panic levels. Rates drop when bond prices
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