Report
Data Round-Up: Existing Homes Sales Post Lowest Level of the Year; Prices Rising Briskly
posted by Michael Lewis on August 24, 2017
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Headline
Existing home sales fell in July to the lowest level in almost a year. Nonetheless, the trend remains modestly upward. Price appreciation is continuing at a good clip. Delinquencies are falling. Overall, housing remains in good shape.
Abstract
FMI’s review of today’s July Existing Home Sales report and the latest Weekly UI Claims & Rail Traffic results. Also this morning, the Mortgage Bankers Association announced that the mortgage delinquency rate continued to improve in 17Q2; it fell to 4.24%, down -42BP from a year ago.About Michael Lewis
Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.
FMI has compiled a solid record of timely, independent and accurate economic forecasts. FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.
FMI's reports are driven by data releases in the U.S. And here are the major releases that they cover,
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