The National of Realtors released their pending home sales numbers for November. And they are nothing to write home about, Except in a negative way.
Pending home sales fell -7.70% YoY and -0.7% MoM in November.
With The Fed raising their Fed Funds Target rate while letting their balance sheet shrink, monetary stimulus is being withdrawn. Will the housing market slow down even further with The Fed’s STIMULYPTO?