zt.Existing Home Sales Expected to Be Down in the Dumps

jewang0

July Existing Home Sales are set to be released tomorrow morning at 10 AM ET.  If the actual number comes in at the estimate of 4.65 million homes, it will be the weakest reading since March 2009 when 4.61 million existing homes were sold.  As shown below, this will basically be right at the levels seen at the crisis lows in late '08 and early '09.  And there's no guarantee that the actual number will come in close to expectations.  Many think sales will come in much worse than expected.  This is coming at a time when 30-year fixed mortgage rates are well below 5%.

Whigs

Make it or break it?
I bet that it will be the last straw that broke the camel's back.

MeiTouNao

let it be

jewang0

new pic