Existing home sales may be up, but the reason is up for debate
Existing home sales took a big jump in January, but I am going to offer an alternate explanation than what the press seems convinced of. Plus, we can also talk about mortgage applications – since that is one way to tell the future a little bit in terms of sales over the next month or so.
All cash deals have increased. We will discuss that a bit. We will also review some investment advice I gave out back when all the talk was about the Olympics and the opportunities presented by that.