The mortgage applications data released on Tuesday continues to cast doubt on the NARs data showing a recovery or stabilization in the housing market. I don’t question their data, but the MBAAs data and Zillow’s data do not support it. See https://wallstreetexaminer.com/2009/09/01/more-little-lies-and-big-spin-gains-or-blips The Treasury completed 3 bill auctions this week with buying at panic levels,…
Tag Archive for Blips
Economics, Housing, Latest Business Headlines
More Little Lies and Big Spin- Gains or Blips?
by Lee Adler • • 4 Comments
The FIM (Financial Infomercial Media) has gifted us with more nonsense today in the form of Pending Homes Sales data from the NAR (Realtors) and the Purchasing Managers Manufacturing Index from the ISM (Purchasing Managers). Bloomberg was positively ecstatic about the housing data, proclaiming “The number of contracts to buy previously owned homes rose more…
