Relevant and even prescient commentary on news, politics and the economy.

March existing home sales continued the slow process of rebalancing in the housing market

 – by New Deal democrat Existing home sales are not that important for forecasting purposes, since they have much less economic impact than new home sales, because the main effect is simply a change in ownership. But there has been an ongoing shortage of housing for over a decade, which was only exacerbated by the […]