After 14 straight days of positive Fannie Mae 4% coupon closings, the bond finally looks to be at a crossroad. The attach video shows the 14 day rally, the huge battle to break through the triple overhead layers of resistance and todays head on collision with the 200 day moving average. What is the market to do? Tomorrow we have the Jobs numbers hitting the wire at 8:30EST, this usually volatile report could either catapult the Mortgage Bonds higher and further the rally or kill it off and cause a massive selloff, which by the way the bond market is ripe for. Its going to be interesting to watch.
Real Estate with Tyson- Lack of Existing Home Inventory Slows Sales Heading into Fall [INFOGRAPHIC]Some Highlights: The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report. First-time homebuyers made up 31% of all sales in August. Homes are selling quickly with 51% of homes on the market for less than a month. A limited supply continues to drive up prices for the 66th consecutive month.
- Why Are So Few Homes for Sale?There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.” First American just released the results of a survey which sheds light on the reasons for the […]
- More Americans Say Now is a Good Time to Sell!Recently released data from Fannie Mae’s National Housing Survey revealed that rising home prices were the catalyst behind an eight-point jump in the net percentage of respondents who say now is a good time to sell. The index is now 21 points higher than it was this time last year. Overall, 62% of Americans surveyed […]
- Lack of Existing Home Inventory Slows Sales Heading into Fall [INFOGRAPHIC]
