It was an action-packed week for financial markets. Earnings were in full swing. There was a ton of economic data to digest. And of course, there was the Fed announcement and press conference to cause volatility from Wednesday afternoon on. But one of the most interesting developments was the big bounce in Pending Home Sales on […]
Two weeks ago, the newsletter discussed why 2019 could actually be great for the housing market, despite downbeat reports and the likelihood of one more month of weakness for Existing Home Sales. That weakness showed up last week, but with it came a comment from the chief economist for the National Association of Realtors saying home sales were […]
News has been pretty grim recently for interest rates and the housing market. This week’s developments may provide a glimmer of hope. Granted, it could turn out to be false hope, but for now, let’s focus on the glimmer!
Freddie Mac reported a medium-big move higher in mortgage rates this week. Freddie Mac was wrong. Actually, to be fair, Freddie’s methodology […]