Joesph Greco Weighs In: New Home Sales Vs. Pending Home Sales Data
Description:Joespeh Greco, Managing Director of Meridian Equity Partners, weighs in on the latest new home sales and pending home sales data.
Data on Wednesday showed that sales of new single-family homes in the U.S. soared to a two-and-a-half year high to 5.7 percent. Other data released Thursday indicated that the National Association of Realtors U.S. Pending Home Sales Index for September rose only modestly in September.
The Federal Open Market Committee released a statement Wednesday saying that the(2:00)