I told you that something in my gut just doesn't feel right, there's also been plenty of evidence and strange remarks from the Fed that have fed into this. The Association of realtors BIG miscalculation that puts 20% more home inventory on the market was released just this week and today home sales.
The hedline was that there were just 19,000 homes (non-annualized) sold which is the lowest ever. Homes above $750,000 -ONLY 500! Here's the non-seasonally adjusted home sales-several months ago we usd the word here "Double Dip" with regard to the housing market.
Here' the chart....
Well if that doesn't paint a picture! No wonder SRS looks the way it does. Remember SRS broke out a few days ago, so either the news of MERS or the National Association of realtors moved it, which hasn't happened in the past or.... yes, it happens, this report was leaked.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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