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Real Estate Perfectly Sums Up The Rate Cuts

By |2019-07-24T17:33:19-04:00July 24th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It’s only a confusing when you just accept the booming economy of the unemployment rate. From this perspective, 2018 was, and more so 2019 is, a downright conundrum. By all mainstream accounts, this just shouldn’t be happening. Home sales are running at a pace similar to 2015 levels – even with exceptionally low mortgage rates, [...]

Three-For-One In Poor Housing Data

By |2019-05-21T12:16:49-04:00May 21st, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

We all know the shorthand. The Federal Reserve influences if not controls economic activity by raising and lowering the federal funds apparatus. Reducing the monetary policy targets is stimulus because everyone loves lower interest costs. Raising them therefore has the opposite effect. More direct and visible consequences are supposed to be observed first in the [...]

Economic Report: Pending Home Sales

By |2009-03-03T11:54:11-05:00March 3rd, 2009|Markets|

The pending home sales index, an index tracking the level of sales contracts on previously owned homes, dropped a surprising 7.7% for the month of January, even as increased affordability and lower interest rates warranted spurred demand. The index came in at 80.4, down from 87.7 the previous month. Economists were expecting a reading of 85.1, so today’s report is [...]

Economic Report: Pending Home Sales – NAR

By |2009-02-03T11:20:20-05:00February 3rd, 2009|Markets|

The pending home sales index, an index tracking the level of sales contracts on previously owned homes, gained a surprising 6.3% for the month of December, as increased affordability and lower interest rates spurred demand. The index came in at 87.7, up from 82.5 the previous month. Economists were expecting a reading of 82.3, so today’s report is quite [...]

Economic Report: Pending Home Sales

By |2009-01-06T12:20:37-05:00January 6th, 2009|Markets|

The pending home sales index, an index tracking the level of sales contracts on previously owned homes, dropped another 4.0% in November, after a downwardly-revised 4.3% decline in October. The index came in at 82.3, down from 85.7 the previous month. Economists were expecting a less drastic 1.0% decline, though, as things weren’t expected to be very ugly. It [...]