New Home Sales Jump; Supply Plummets; Prices Bouncing

New home sales added to our run of good news in the housing market on Monday. Sales jumped 11.0 percent in June to an annual rate of 384,000 and the highest rate this year — well above any economists’ estimates. In fact the month-to-month percentage change was the highest in nearly 9 years. But . . . → Read More: New Home Sales Jump; Supply Plummets; Prices Bouncing

The Coming Market Crash

“By the pricking of my thumbs, / Something wicked this way comes” is from Act 4, scene 1, lines 40-41 of the Bard’s Macbeth.

A year ago at Cambridge House when asked whether the economy was going to rebound I responded, “That light at the end of the tunnel is just the next train.  Get . . . → Read More: The Coming Market Crash