June 2013 New Home Sales Data Flattens Equities

Did Bernanke Really Put The Brakes On The Housing Market? Sometimes good news is bad news, especially when it suggests Ben Bernanke and the FOMC could start tapering sooner than later.  Today’s housing data showed the market is in good health with new contracts nearing May 2008 levels. U.S. new home sales in June 2013[…]

house for sale sign

Housing Market Still Weak, September 2012 Existing Home Sales Flat

Housing Market Still Weak, September 2012 Existing Home Sales Flat: The housing market is getting a bit better compared to last year and the year before but there are still some signs of weakness.  Today, the National Association of Realtors said signed contracts to purchase existing homes in September 2012 were unchanged.   Although housing[…]

stock market buy hold sell

Existing Home Sales July 2012 Rise 2.3 Percent, FOMC Meeting Minutes August State QE3 Coming “Fairly Soon”

Existing Home Sales July 2012 Rise 2.3 Percent, FOMC Meeting Minutes August State QE3 Coming “Fairly Soon”: Remember those minutes are old…. Existing home sales rose in July showing the housing market has positive momentum and may have bottomed.  Sales increased 2.3 percent to the seasonally adjusted level of 4.47 million units according to the[…]