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‘Unhealthy’ US Housing Market Caps Best Year Since Eve Of GFC
A day after data showed housing starts and permits rose to the highest since the eve of the financial crisis, US existing-home sales came in hot.
The better-than-expected data further underscored my "giant flaming marshmallow" characterization of the housing market.
December's rise was 0.7%, bringing the annual rate to 6.76 million. The market was looking for 6.56 million. The range was 6.4 million to 6.8 million, so let's just say this print matched the most optimistic guess from five-dozen e
Introducing: The 50 year mortgage