Existing home sales in November rose 0.5% to a seasonally adjusted annualized rate of 4.13% million units. That is right along expectations. Sales down 1% from November of last year.Now, this count is based on closing. So, contracts likely signed in September and October when mortgage rates initially came down a little bit but then stayed in a very tight range. The headline on this report is supply.It is coming down again. We've reported on more sellers delisting their homes. There were 1.43% 43 million uni ...

Well, Rick, existing home sales in November rose 0.5% to a seasonally adjusted annualized rate of 4.13% million units. That is right along expectations. Sales down 1% from November of last year.Now, this count is based on closing. So, contracts likely signed in September and October when mortgage rates initially came down a little bit but then stayed in a very tight range. The headline on this report is supply.It is coming down again. We've reported on more sellers delisting their homes. There were 1.43% 43 ...

Singapore’s new private home sales slowed sharply in November with a lack of major projects released, a month after a surge in buying reignited concerns that the government may take fresh steps to cool the market https://t.co/TVM2sDz8gf ...

Singapore home sales rebound to the highest level in almost a year after a recent rush of buying, renewing concerns about over-exuberance in the market https://t.co/j9kD0BGnjf ...

Economic Data Overview - The latest NAHB housing market index shows a slight improvement, coming in at 37, above the expected 33, but still indicates a contractionary sentiment in the housing market [2][3] - The Philly Fed manufacturing index has turned negative, dropping 36 points to -12.8%, the lowest since April, with significant declines in shipments [6][7] Housing Market Insights - The housing market remains in a dismal state, with any index below 50 indicating pessimism; however, there are signs that future interest rate reductions could stimulate buyer activity [3][4] - Inventory levels are increasing, which may lead to lower prices in the housing market [4] Manufacturing Sector Analysis - New orders in the manufacturing sector increased by six points, while the employment index slightly decreased to 4.6% [8] - The manufacturing landscape shows variability across different regions, with the Empire State manufacturing index performing better than the Philly Fed index [8] Commodity Market Trends - Gold prices are reaching new all-time highs, driven by FOMO trading and market volatility, with significant inflows into gold ETFs [11][13] - The energy sector is experiencing downward pressure on prices due to economic growth concerns, with natural gas prices also declining [15] Oil Market Dynamics - The oil market is skeptical about claims from India regarding reducing Russian oil imports, as alternative supply sources are not clearly defined [17][18] - A potential meeting between President Trump and Ukraine's president could lead to an LG deal, which may positively impact oil prices due to the correlation between LG demand and oil prices [19][20]

Market Trends - Canadian home sales experienced a decline in September, concluding a five-month period of increases [1] - The decrease in home sales coincided with a reduction in new listings [1]

Toronto home sales rose last month as the Bank of Canada resumed interest-rate cuts https://t.co/hDpyfXyaRZ ...

China’s home sales steadied in September, signaling potential stabilization nearly three years after support policies began https://t.co/zKc6wXI2Gi ...

Market Performance - U.S. stocks traded higher, with the Nasdaq Composite gaining around 150 points on Monday [1] - The Dow rose 0.19% to 46,333.68, the NASDAQ increased 0.67% to 22,635.76, and the S&P 500 climbed 0.42% to 6,671.51 [1] - Information technology shares jumped by 0.8%, while energy stocks fell by 0.8% [1] Real Estate Sector - U.S. pending home sales surged by 4% in August, marking the sharpest gain in five months, compared to a 0.4% decline in the previous month [2][7] Commodity Market - Oil traded down 2% to $64.41, while gold rose 0.9% to $3,844.30 [4] - Silver increased by 0.5% to $46.895, and copper rose 0.7% to $4.8070 [4] European Market - European shares were mostly higher, with the eurozone's STOXX 600 gaining 0.2% [5] - Spain's IBEX 35 Index fell 0.2%, London's FTSE 100 rose 0.4%, Germany's DAX 40 slipped 0.1%, and France's CAC 40 climbed 0.3% [5] Asian Market - Asian markets closed mixed, with Japan's Nikkei 225 falling 0.69%, Hong Kong's Hang Seng gaining 1.89%, China's Shanghai Composite rising 0.90%, and India's BSE Sensex falling 0.08% [6] Stock Movements - Maison Solutions Inc. shares surged 257% to $3.3603, while Predictive Oncology Inc. shares rose 112% to $1.64 after a reverse stock split [9] - Maison Solutions Inc. shares also gained 167% to $2.56 [9] - KALA BIO, Inc. shares dropped 92% to $1.4350 after failing to meet primary endpoints in a clinical trial [9] - MoonLake Immunotherapeutics shares fell 89% to $6.76 following disappointing trial results [9] - IO Biotech, Inc. shares decreased 75% to $0.3941 after an update post-FDA meeting [9]

Housing Market Sales - Existing home sales were essentially flat in August, with a seasonally adjusted annualized rate of 4 million units, down 0.2% from July, but up 1.8% from August of last year [1] - The street was looking for a slightly bigger drop of 1 to 1.5% in existing home sales [2] - Sales were strongest in the Midwest, weakest in the Northeast [2] Housing Market Supply - Supply is dropping, down 1.3% from July, but still up 11.7% year-over-year [2] - There is now a 4.6-month supply of homes for sale, considered lean [3] Housing Market Prices & Time on Market - The median price of a home sold in August was $422,600, up 2% year-over-year [4] - Homes are staying on the market longer, 31 days, up from 26 days last year [4] Buyer Trends - First-time buyers remain low at 28% of sales [4] - All-cash purchases account for 28% of sales, up from 26% a year ago [4] Mortgage Rates - Mortgage rates are around 6.37% [5] - The market is waiting for economic indicators to influence mortgage rates [6]