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US Pending Home Sales Rebound Off Record Lows, Despite Rising Mortgage Rates
US Pending Home Sales Rebound Off Record Lows, Despite Rising Mortgage Rates
After rising in February, US Pending Home Sales were expected to continue to improve in March (+0.5% MoM) but - despite apparently rising mortgage rates - sales rose 1.5% MoM (even with February revised up to +2.5% MoM). This dragged pending home sales up to +1.8% YoY (to the highest level since Nov 2024)...
Source: Bloomberg
...extending its bounce off record lows...
Source: Bloomberg
“Contract signings rose in March despite higher mortgage rates, pointing to pent-up housing demand,” NAR Chief Economist Lawrence...
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Jul 11, 2026 / Tyler Durden
Iran Begins 'Retaliation' Attack On Gulf After Overnight US Launched 3rd Round Of Strikes, Following IRGC Hit On Cargo Ship
Iran Begins 'Retaliation' Attack On Gulf After Overnight US Launched 3rd Round Of Strikes, Following IRGC Hit On Cargo Ship
Update 10:40pm ET.
Somewhat predictably, as has been the pattern of this war - Iran is in the very early morning hours (local) launching retaliatory strikes on Arab Gulf nations, or as the Iranians say against US assets and bases in the Gulf. Per state media:
IRAN LAUNCHES SERIES OF STRIKES AGAINST US TARGETS: PRESS TV
Last week Kuwait and Bahrain were favored targets, but there are signs that Iran - now with...
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Apr 20, 2026 / Tyler Durden
'Highly Unlikely' US Will Extend Iran Ceasefire, 'Lots Of Bombs Will Go Off' If No Deal: Trump
'Highly Unlikely' US Will Extend Iran Ceasefire, 'Lots Of Bombs Will Go Off' If No Deal: Trump
Summary
Trump says 'highly unlikely' will extend ceasefire if deal not signed in Pakistan.
Iran's military after Sunday's US seizure of Iran-flagged cargo ship: will "take the necessary action against the US military"
Vance intends to depart Tuesday to Pakistan, though still unclear whether Iranians will join - Pakistanis say yes, but timeline is fluid. Trump warns "nobody's playing games" & "lots of bombs will go off" if no deal (PBS)
Xi to Saudi crown prince important...
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May 19, 2026 / Tyler Durden
Flatbed Truck Rates Hit New Highs As These Drivers Fuel Boom
Flatbed Truck Rates Hit New Highs As These Drivers Fuel Boom
Flatbed trucking conditions have never looked stronger, with spot rates surging to record highs amid a mix of tightening capacity and rising industrial freight demand.
"Flatbed trucking rates have hit a new all-time high as industrial demand and a crackdown on bad actors continue to shape trucking economics," said FreightWaves founder Craig Fuller.
Fuller added, "It is a great time to be a compliant trucker in America."
There are two drivers behind why U.S. flatbed spot trucking rates (via SONAR Flatbed...
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