Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Existing Home Sales- Another Reason Why You Should Take the Money and Run

The Wall Street Journal reported today that existing home sales, “rose in October for the second straight month to a new cyclical high despite rising prices and shrinking inventory, a sign housing demand remains buoyant as the year comes to a close.” The headline was less cautious.

Read the rest of this post and all of my Daily Data Dives at David Stockman’s Contra Corner. Register here to get full access to Contra Corner, including not only my Daily Data Dives, but also David Stockman’s daily insights on the US economy, geopolitics, and the financial markets. These reports are only available there, so please sign up and get a copy of David Stockman’s latest book, Trumped – A Nation on the Brink of Ruin and How To Bring It Back.

For my in-depth analysis and forecasts of the financial markets try the Wall Street Examiner Pro Trader reports available only here.

Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here. 

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.