U.S. Pending Home Sales Probably Fell in March for Second Month
Bloomberg has latest story about US Pending Home Sales: U.S. Pending Home Sales Probably Fell in March for Second Month Fewer Americans probably signed contracts to buy previously owned homes in March for the second consecutive month as falling prices and tougher loan rules discouraged buyers, economists said before a report today. The index of [...]
US Home Prices In 2009
Bloomberg has a story about Greenspan’s take on US home prices: Greenspan Says U.S. Home Prices May Stabilize in 2009 Former Federal Reserve Chairman Alan Greenspan said the drop in U.S. home prices will probably end well before early next year as the number of houses on the market diminishes, aiding an economic rebound. It [...]
New Home Sales: Why Do Investors Care
New home sales measure the number of newly constructed homes with a committed sale during the month. The level of new home sales indicates housing market trends and, in turn, economic momentum and consumer purchases of furniture and appliances. Why Do Investors Care?This provides a gauge of not only the demand for housing, but the [...]