Sales of new and existing single-family homes have fallen since their recent high in November 2017 while pending home sales are flat to down so far this year. Starts of new single-family homes are volatile but also remain below the peak seen at the end of 2017. Recent press reports of declining activity in several…
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Today’s Pending Home Sales for June month-over-month came in lower than the expected 0.5% at a -1.1%. The prior May number was a 6.1% later revised to a 6.0%. Tomorrow the S&P/Case-Shiller 20-City Composite Home Price Index is due for release at 9am. Heading into the release, the spread of the S&P/ISDA CDS U.S. Homebuilders…
Gold, traditionally, has been perceived as a safe haven that investors flock to during periods of uncertainty and high inflation. The question we are interested in examining is whether or not the safe-haven argument holds true for protecting against homes’ falling prices. Home prices are generally considered a leading economic indicator since a drop in…
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