Realtors report a ‘new housing crisis’ as January home sales tank more than 8%

US New Home Sales Collapse By Most In 13 Years In January Despite falling mortgage rates, analysts expected December's drop in new home sales to accelerate in January... and accelerate they did... crashing a stunning 17.6% MoM (-2.7% MoM exp) - the biggest MoM drop since July 2013. This huge MoM drop dragged sales down 11.3% YoY - the worst slide in three years... Source: Bloomberg This huge drop dragged the new home sales SAAR down to its lowest since 2022, catching down to existing and pending sales... Inventories are up (Houses for sale...

US Ambassador to Israel Mike Huckabee said on Monday that the US and Israel are “absolutely aligned” on the need to “deal” with Iran as Washington continues building up its forces in the Middle East to prepare for a potential attack on the Islamic Republic. Huckabee made the comments when addressing the Conference of Presidents […]

President Donald Trump threatened large-scale strikes on Iran if Hezbollah does not halt attacks on Israeli forces that invaded Lebanon.  “Iran must immediately stop their highly paid PROXIES in Lebanon from causing trouble. If they don’t, we’ll hit Iran very hard again, just like we did last week, only harder!!!” the President wrote on Truth […]