As we watch prices of goods rising (even though The Federal Reserve keeps hunting for “inflation” to hit 2%), one of the culprits is rising steel prices. T
New home sales for February fell a meager -0.6% MoM (essentially flat) to 618k units SAAR.
Too bad new homes sales are only at 1995 levels, despite a large population increase from 1994 to today.
The Median Price for New Home Sales rose slightly in F…
The US plans to impose tariffs on up to $60bn in Chinese goods and limit the country’s investment in the US in retaliation for years of alleged intellectual property theft (such as my book which is sold in China, yet I have never received a penny in royalties).
Strange brew! The FHFA’s house price index rose 0.8% in January, double what analysts forecast.
Beleaguered retail chain Toys ‘R’ Us is packing a punch for CMBS investors.
Yes, Jay (Powell) and the Americans (FOMC) came a little bit closer to The Taylor Rule (Rudebusch Model) with the FOMC voting to increase their target rate to 1.75%.
The MBA refinance index is now at its lowest level since 2008.
Combine insane land use restrictions (zoning), influx of millions of immigrants from south of the border, a booming tech industry and super low interest rates from The Federal Reserve and we have “Perfektenschlag” for US affordable housing policy: the perfectly UNAFFORDABLE HOUSING MARKET (aka, coastal California).
With a rate increase a foregone conclusion when the Federal Reserve concludes its two-day policy meeting on Wednesday, traders have been actively pricing it in.
The Fed’s Open Market Committee (FOMC) is meeting today and tomorrow to decide what to do.