In another positive sign for the US economy, pending sales of existing homes jumped substantially in May
Jay Soloff
Argonath Financial
In another positive sign for the US economy, pending sales of existing homes jumped substantially in May. Contracts on previously owned homes increased by 6.1% from April. That's the largest increase since 2010. It's also significantly higher than Bloomberg estimates of a 1.5% gain. The spark in pending sales is at least in part due to lower borrowing costs brought on by the Fed. Increasing economic strength and looser credit are also likely contributing to the gains in home sales. Along with employment, gains in the housing market are vital to the full recovery of the US economy. (VIEW LINK)
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I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market maker on the floor of the CBOE, as a consultant on Wall Street, and as a senior analyst at a multi-strategy hedge fund. You can visit my website at www.argonathfinancial.com.
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Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
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