Shocking 30+% Drop in Housing Construction Starts; But a Turnaround May Be Lurking

Existing Home Sales Decline as Well I’ve been saying for a while now that really, really tough economic data was coming. Even though it was obvious to many of us that the economy was crashing – thanks to COVID-19 – … Continue reading

Latest Data Increases Concerns of Economic Downturn

New data from multiple sources are increasing economists concerns of an economic downturn within the next two years – perhaps even later this year. The latest readings on consumer confidence/sentiment and existing home sales show sharp downturns, sparking new debates … Continue reading

Existing-Home Sales Hit Highest Level in Almost 3-1/2 Years

In a new report from the National Association of Realtors (NAR) that further reinforces the rebound in the housing market, sales of existing homes for the month of April rose to their highest level in the almost 3½ years since … Continue reading