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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
- Average existing home sale prices fell -0.9% Y/Y in June, in an improvement from the -3.0% Y/Y of May that for now at least looks to be a low for the rate of decline with very little payback after prices surged post-pandemic.
- It’s helped by the continued low level of housing inventory, which remained unchanged at 1.08m units and saw the months of supply only tick up a tenth to 3.1.
- NAR’s Yun noted "There are simply not enough homes for sale […] The market can easily absorb a doubling of inventory" and indeed the chart below shows that whilst months of supply are slowing creeping higher, they remain at least 1 month below levels for this time of year in the pre-pandemic era and considerably below the low double digits of late 2007-early 2009.
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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