national association of realtors

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 – 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: Existing Home Sales

By |2009-01-26T13:36:08-05:00January 26th, 2009|Markets|

Resales of homes and condos in the US spiked higher in December, led by record price declines and a surge of sales in the West. The US housing market as a whole improved significantly during the last month of the year, as both inventories and mortgage rates plunged. Sales rose from a seasonally-adjusted annualized rate of 4.45 million in November [...]

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