Bidding wars, overcoming overbidding, and rates.

Jobs jobs jobs. See how rates made out.

Appreciation up 5.5 % year over year and 1.2% just in July...are you kidding me ? Call every buyer you had in the last 24 months and give them the great news.

MBA Purchase Data slightly up and the FHFA scam !

Don’t let the media fool you. Price index up, median price up, appreciation up, but where is consumer confidence. #remmu

Existing Home Sales, which measures closings on existing homes, were up an impressive 25 percent in July. These are closings and likely represents buyers that signed contracts in May and June. This the largest one month jump in the history of the existing home sales survey, going back to 1968 and remember that the June report was up 20.

Yesterday we had a lousy 20 yr auction and the Fed minutes were released but despite all of that we ended the day on the plus side.

The Senate adjourned for its August recess on Thursday, joining the House, as Republicans and Democrats remain $1 trillion apart on a coronavirus relief package. And here is the real tragedy let’s say law makers come back and do work out a deal...#remmu

Initial Jobless Claims are released and for the first time in 21 weeks, claims have fallen below the 1 million level.

Rates on the way up. Is it time to hit the panic button ? Bidding wars in over 50% of contracts.