Market Statistics

Pending Sales of U.S. Existing Homes Unexpectedly Decrease

Contracts to purchase previously owned U.S. homes unexpectedly fell in November, confirming earlier figures that showed the industry lost momentum toward the end of the year. The index of pending home sales dropped 0.9 percent after a revised 0.4 percent gain the prior month, figures from the National Association of Realtors showed Wednesday in Washington. The median...

Read More

What Economic Forecasters Got Right, and Wrong, in 2015

[caption id="" align="aligncenter" width="553"] Oil and economic forecasting did not mix well in 2015. David McNew/Getty Images[/caption] It’s clear what threw prognosticators and policy makers for the biggest loop with their economic forecasts for 2015: oil. Crude oil prices stayed unexpectedly low this year and those low prices didn’t prove as beneficial as many had hoped. A year ago,...

Read More