Heads Up!

May 31st, 2016

Two gauges tracking home sales surged last week. New-home sales rose to the highest rate since January 2008. Also, an index tracking contract signings of previously owned homes hit its highest level in a decade. Job growth and fear of higher rents and mortgage rates may be spurring purchases.  Momentum will support a further expansion of sales this summer.

An improving real estate market will support faster growth in the U.S. economy.

(Source, in part: Barrons Online)

Visit www.theweeklycommentary.com for more posts in this category. DISCLOSURES

You are here: Home » Weekly Commentary » Heads Up!