Despite Tumbling Rates, US Home Price Acceleration Slowed In January

The Washington Post reported on Thursday that the Pentagon was considering diverting military aid meant for Ukraine to the Middle East for use in the US-Israeli war against Iran, as the US military continues depleting its stockpiles of air defenses and other munitions in the conflict. Since last summer, the US has been sending military […]

Israeli ground troops are reporting “targeted ground operations” by their troops in southern Lebanon, but with the Defense Ministry ordering all the bridges across the Litani River destroyed yesterday, there is mounting fear that the invasion is going to get a lot broader. Lebanese President Joseph Aoun said he views the destruction of the bridges […]

Existing US Home Sales Plunged In March, Despite Falling Mortgage Rates Affordability-aiding lower mortgage rates battled a sentiment-sapping surge in geopolitical panic in March, with analysts expecting the latter to outweigh the former with a modest 0.7% MoM decline (after January's plunged - weather? - and February's modest rebound). The analysts under-estimated the fear from war-mongering as existing home sales plunged 3.6% MoM (down bigly from an upwardly revised 2.7% MoM jump in Feb). That is the second biggest drop in existing home sales since Nov 2022... Source: Bloomberg That dragged Existing Home...