Yellen, bill dudley, and the markets housing is the key to acceleration. If it does not happen now it might not happen this year. The evidence is mixed. Last month, new sales dropped to an eightmonth low. Since then, Housing Starts were huge but they were all apartments. We find out whether those new holes in the ground are being sold. They should be. More families are being formed, they need homes. Interest rates are low. Winter is over. Existing home sales were up not as much as forecast. The fed folks have told us housing is a key part of the economy. Normally it leads us out of a recession. Last year it finally began adding to growth and that changed the last couple quarters. If we are going to see the economy pick up it needs to change. What is the excuse of the numbers are not good today . Back to the Interest Rates. Average Mortgage Rates havent fallen since the beginning of the taper. The jump during the temper tantrum hurt. Ofa relative basis a lot firsttime buyers never exper
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