A couple of data points reported today marked a tick and a tock on the housing market clock. The Mortgage Bankers Association Mortgage Applications Index release was weak but not explosive. The FHFA (Federal Housing Finance Agency) monthly data on home sale prices was up, but meaningless. The FHFA data is after the fact price data…
Tag Archive for Seasonal Peak
Charts, Economics, Email Bulletins Archive, Housing
Housing Indicators Show Lower Seasonal Peak
by Lee Adler • • 0 Comments
Two housing market indicators released over the last two days suggest that the market is making a seasonal peak at a weaker level than last year, but that the rate of decline is slowing. Mortgage purchase applications have been slipping in June following a small decline in the week ended June 17. They remain below…
Housing, Liquidity Trader, Professional Edition
Employment Numbers Not Good News For Housing
by Lee Adler • • 0 Comments
Listing prices posted a second month of gains in April. This appears to be seasonal. Housing demand correlates directly with employment and the economy gained jobs in April. The gains appear to be slowing however, and that’s bad news for the future trend. When all the stimulus and Fed pumping ends, it looks like the…
Charts, Economics
Unemployment Claims Update
by Lee Adler • • 0 Comments
First time unemployment claims rose by 52,038 to 577,279 in the week ended January 1. The Wall Street captive media is, as usual fudging the reports by reporting that claims were at 409,000, based on the seasonal hocus pocus. They report an uptick of 18,000 instead of 52,000. Both Dow Jones and Bloomberg are emphasizing…
