by irdadmin | Jun 22, 2016 | Financial Markets, Housing Market, U.S. Economy
It’s happening here too, NE Florida. Lots of inventory in higher priced areas (around $400k), lesser expensive areas are selling but at much reduced frequency. Lots of for sale signs out there and they’ve not come down. I see price reductions now, and still no traffic...
by irdadmin | Mar 23, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Note: For the record, I am expecting the possibility that the new homes sales report for February released today will show an unexpected spike up. For the past several months, there’s been what I believe to be a pre-meditated pattern in which the existing home...
by irdadmin | Feb 24, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
The 14 percent quarterly decrease was fueled primarily by a 24 percent quarter-over-quarter decline in purchase originations — the biggest quarterly drop in purchase originations in more than five years, since the third quarter of 2010. – RealtyTrac EVERYTHING...
by irdadmin | Feb 2, 2016 | Financial Markets, Housing Market, U.S. Economy
PennyMac (PFSI) is a mortgage finance company that describes itself as a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments...
by irdadmin | Jan 22, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
What about the biggest rise in existing home sales on record in December? These guys are offending my sensibilities. By virtue of all the fake statistics and bogus market action, there has to be something seriously wrong right now. – John Embry email to IRD...
