US Pending Home Sales Plunged -5.5% MoM In December

#bubble, #inflation, Banking, CMBS, CRE, ECB, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, Housing, Inflation, Mortgage, New Home Sales, Powell, REITs, Silver, SPX, Stocks, Treasuries, Treasury, Uncategorized, Wages, Yellen, Yield Curve 1 Minute

Pending home sales in the US plunged 5.5% MoM in December (vs 0.0% exp and below all estimates), dragging the total sales down 2.9% YoY (vs +4.2% exp).

This is the lowest December print since records began (in 2000).

Let’s see if Trump can loosen up regulations on mortgage lending and housing. Hopefully, the new HUD Secretary (Scott Turner) will be an upgrade over DofHealth’s Rachel Levine.

Unknown's avatar

Published by confoundedinterest17

Published