New Home Sales Fell in October
New Home Sales Fell in October
New home sales dropped 5.3 percent in October to an annual pace of just 433,000 sales. The weakness in October was apparent across the economy and home sales did not escape the problems. The potential good news here is the continued drop in inventories, now at just 381,000 homes and […]
Detail Existing Home Sales Fall 3.1%/Prices Fall The Most On Record
Detail Existing Home Sales Fall 3.1%/Prices Fall The Most On Record
Existing Home Sales (Oct) Actual 4.98M, Expected 5.02M, Previous 5.14M (Revised from 5.18M)
Release Explanation: Annualized number of existing residential buildings that were sold during the previous month, excluding new construction. They include both quantity and price statistics. Important since the housing market is included in […]
No One Home at Treasury, Fed
No One Home at Treasury, Fed
Nero may have fiddled while Rome burned, but US Treasury Secretary Paulson and Fed Chairman Bernanke might as well be on their way to Disneyland in some phantasmagorical celebration of having successfully stabilized the financial system. That is what both said to Congress in testimony earlier this week and what […]