Condo Prices Already Dropped By Up To 33% In 24 Bigger Markets

The US is deploying a third aircraft carrier to the Middle East for operations against Iran, US officials told media outlets on Tuesday, a sign that the war will continue to escalate despite President Trump’s claims that he is looking to end the conflict. The aircraft carrier USS George H.W. Bush and other warships that […]

Whether rates go up or down, neither outcome will be pleasant, leaving a bondholder caught between the Unthinkable and the Unimaginable.

US Existing Home Sales Bounced In February As Mortgage Rates Tumbled Despite tumbling mortgage rates, existing home sales plunged (the most since COVID) in January, with some blaming 'below-normal temperatures' despite The West suffering the biggest declines (and unaffected by the winter storms). Consensus was for a modest 0.8% MoM decline in February (again despite an ongoing drop in mortgage rates) but sales actually surprised to the upside, rising 1.7% MoM. Perhaps even more notably, January's 8.4% MoM plunge was revised up to a slightly less crazy 5.9% MoM drop... Source: Bloomberg With...