This week's report on "existing home sales" showed that the volume of sales contracts making it to settlement is slowing. At the same time, more contracts are closing successfully than has been usual in past years. The number of December sales contracts has been stagnant since 2012. But closings have continued to trend higher until this year. Now they too have stalled.
More Hidden Warnings from Existing Home Sales
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.
