It’s getting to be that time of year when fewer homes are listed for sale as more people are on vacation and parents are priming for the kids to head back to school. Existing Home Sales did rise 1.1% last month. It’s amazing that our already scant inventory is slimming down even further.
The Philly Fed index, measuring the manufacturing sector, came in at a net loss -2.9%, while a gain of 5.0% was expected. Stocks and Bonds are both mixed/flat so far today.
Retail Gas prices are down about 10% from this time last month, making now a great time to take that summer road trip–or trip to the mall to buy school clothes. With triple digit temperatures expected again today, might I suggest heading north?