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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- Contrary to hope of a small bounce in sales after rising mortgage applications, existing home sales surprisingly fell -0.7% M/M in January (cons +2.0%). Prior revisions broadly offset each other leaving a trajectory of continued moderation in the slide in housing market activity.
- Median price growth just about held positive in Y/Y terms, easing further from 2.1% to 1.3% Y/Y as they continue to cool from the May’21 peak of 25% Y/Y.
- Little change in relative supply: the 2.9 months of supply was unchanged on the month, still looser than the 1.6 from Jan’22 and 1.9 in Jan’21 but equally tighter than the 3.6 averaged in the three Januarys through 2017-19 prior to the pandemic, helping to limit house price moderation.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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