Today’s release of Pending Home Sales represents the number of contracts to purchase existing homes. It showed an increase of +4.3% month-over-month which, although positive, is still -18.4% lower than a year ago. These results are a precursor to the “Existing Home Sales” data to be released on Oct 25th,... Read more
This morning’s release of the S&P Case Shiller Home Price Index showed only a small increase month-over-month (+0.65%) and  it was directionally on target with what was expected. These results are derived from a lagging three month average. Much of the lasting positive influence of the tax credit from... Read more