Depth in Home Sales

By |2014-07-22T15:40:48-04:00July 22nd, 2014|Economy, Federal Reserve/Monetary Policy, Markets, Real Estate|

Existing home sales re-attained the 5 million SAAR level again in June, but that remains well behind last year’s trajectory. In other words, the bounce in sales after the most recent trough is not nearly as robust as predicted when it was simply assumed that the housing market would just revert back to 2013’s trend. In terms of yearly comps, [...]