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 🙂