Free Trial
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
- Existing home sales fell by less than expected in December, -1.5% M/M (cons -3.4%) after -7.9% M/M, faring better than the latest slide in pending home sales.
- It left an 18% decline on the year for the sharpest annual decline since 2008.
- A heavy drop in inventories saw relative supply buck the recent trend and decline from 3.3 to 2.9 months. It remains off lows from last winter of 1.6-1.7 months but the market is still tighter than the 3.9 months averaged through 2019, in turn an order of magnitude tighter than the 6.5 months in 2006 and almost 9 months in 2007.
- NAR’s Yan: “However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year…. Markets in roughly half of the country are likely to offer potential buyers discounted prices compared to last year.”
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok