US home prices continue to gallop ahead. There has been a marked increase in owners’ equity. This should buoy consumer sentiment and help the economy. The risk is when – not if – the trend reverses and goes the other … Continued
US housing increasingly is in the midst of strange dynamics, one hurting the economy and the other potentially helping. Home sales have weakened since reaching a cycle high last November, but this has not much impacted the price. In June, … Continued
From the sales point of view, U.S. housing remains way below the bubble highs of a decade ago, but several other metrics have pushed into record territory. November’s existing home sales were published this week. They were up 5.6 percent … Continued
Later this morning, sales of existing homes for May will be published. On Friday, new home sales come out for the same month. Using a 12-month rolling average, sales of existing homes in April were 5.51 million units and new … Continued