The article is an excerpt from the Wall Street Examiner Professional Edition Housing Update for subscribers. Scroll to the end for the subscriber link to the complete report. Housing data for this month suggests that the usual seasonal uptick in prices has ended. Data is mixed as to whether the seasonal decline that normally occurs…
Tag Archive for Time Mortgage
Economics, Housing, Professional Edition
Cracked Economic Reports Not as Cracked Up To Be
by Lee Adler • • 0 Comments
Two key economic reports out today require closer scrutiny. Their positive readings may not be all that they appear to be on the surface. Both the MBAA’s Mortgage Applications Index and the weekly unemployment claims were reported as positives this morning. But just how good were they?
Housing, Liquidity Trader, Professional Edition
Bleak Week for Weak Housing – Professional Edition
by Lee Adler • • 1 Comment
The pending home sales data (sales contracts) for June showed a tiny dead cat bounce on the heels of the collapse in May. Sales activity is now below the level of June 2009 and 2008, at the bottom of the market. Real time mortgage applications data continue to prove to be an accurate forecaster of…
Latest Business Headlines, Liquidity Trader
The Bad, The Ugly, and The Uglier- Professional Edition Fed Report
by Lee Adler • • 0 Comments
Tax receipts collapsed at an annual rate of 18% in October, which is far worse than I had feared based on our tracking of the daily data. At the same time, mortgage purchase applications collapsed last week, signaling the tailspin we expected as the first time home suckers panic subsided. The extension of this subsidy…
