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Bubble? New Home Sales Disappoint

This is a syndicated repost published with the permission of Confounded Interest. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

New home sales for January 2017 were released and they were not up to expectations. 571k was the expectation, but only 555k were delivered. But there was a 3.74% MoM gain since December 2016.

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New home sales continue to disappoint after the massive mortgage credit bubble of the last decade and are only at 1990 levels.

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But the median price for new home sales continues to escalate and is well above the peak of the housing bubble.

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Are we in a house price bubble?

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Let me answer that this way. “Does your dog bite?” I am sure that Fed Chair Janet Yellen would answer “That is not my dog.”

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2 Comments

  1. nopijo

    just as Jennifer implied I’m shocked that a mother can earn $5888 in 1 month on the computer 
    . read review………….  www.buzz-career.com

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