On Wednesday we saw some price movement
during the day, but for the most part MBS prices were pretty flat on
below-normal volume. We learned that New Home Sales decreased 0.3% in October,
but is up 17.2% year over year. The median sales price was $237,700; the
average was $278,900. The seasonally adjusted estimate of new houses for sale
at the end of October was 147,000, which represents a supply of only 4.8 months
at the current sales rate. The press doesn't seem to be focused on that "shadow
inventory" any more.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment