Tag Archives: Existing Home Sales
Party like it’s 2007
House sales and prices are rising. Home sales in June were 5.57 million at annual rates, the highest since February 2007 when national home prices peaked. Currently prices as measured by the S&P/Case-Shiller National Home Price Index are climbing at a 5% annual rate and are a mere 3% from their all-time peak. What next? …
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Upbeat Housing Reports
Two recent data points – existing home sales and mortgage debt outstanding – point to continued strength in the housing recovery. May total existing home sales, including single family homes, town houses and condominiums, were 5.35 million, up 5.1% and the highest figure since November 2009. Sales of single family homes were 4.73 million, 5.6%…
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Lower Expectations Meant Lower Rates, And A Continued Search for Yield
Investor’s search for yield continued at the very start of last week’s heavy economic calendar. The Retail Sales numbers continued the trend of lower yields as the number released (0.1%) was weaker than the 0.4% surveyed. The news started a process of investor reassessment of economic growth expectations not only domestically but globally. Year-to-date the…
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