Home for the Holidays

The last few days of the year are upon us.  Wall Street is all but vacant again this week, unlike my house which is full of over-sugared children already claiming to be bored of the bounty received less than a week ago.

Pending Home Sales ticked up 0.2% last month, well under the 1.5% increase expected.  I guess that folks decided to spend all of their money on presents last week.  They should have bought a new home instead of all of the gifts under the tree; there’d be more to show for the expenditure and the kids would be just as excited.

Plus, the 4-4.5% 30 year interest rate on a home loan is much cheaper than what credit companies charge 🙂