tonys4412w writes at the Confounded Interest blog April 19:
(Bloomberg) — Sales of previously owned U.S. homes in March unexpectedly fell for the third time in the last four months, showing an uneven recovery in the housing market. Purchases dropped 2.6 percent to a 4.48 million annual rate from 4.6 million in February, the National Association of Realtors reported today in Washington. The median forecast of economists in a Bloomberg News survey called for an increase to 4.61 million. In January, sales at a 4.63 million rate were the strongest since May 2010.
Read more and see charts here.
- SocGen claims China is only months away from burning through its currency reserves
- George Soros says the EU is ‘on the verge of collapse’
- Cooperman: Why this is no bear market yet
- Michael Burry, Real-Life Market Genius From The Big Short, Thinks Another Financial Crisis Is Looming
- Chinese Legislature Approves Two-Child Policy
- Bill Gross' Math on Junk Bonds Is Right
- PAUL SINGER: Developed countries are hopelessly and utterly insolvent
- U.S. household incomes slip, poverty rate holds in 2014
- St Louis Fed official: No evidence QE boosted economy
- 2015: Why's the Oil Price Collapsing? Answer: $8+ Trillion Carry Trade
- GUNDLACH: The Consensus Is Wrong — Interest Rates Could Sink To Levels We Haven't Seen In Decades
- Rapid fall in oil prices may portend global recession
- Ruble Rout Accelerates as Russia's Central Bank Stands Aside
- For 90% Of Americans: There Has Been No Recovery
- Fed Exit a Blue Pill?