Tuesday, January 27, 2009

Existing Homes Sales Climb, Is More Upside Ahead?

U.S. home sales registered their biggest monthly jump in nearly seven years in December.

The 6.5% rise in sales from November was attributed in part to strong sales of foreclosed homes. The market continues to sop up the junk in the market, and Fed money printing is probably starting to have its impact.

Just ahead, the spring buying season.

My bet is that most of the surprises coming out of the housing markets in coming months will be upside surprises--all because of Bernanke's double digit money printing that will ultimately crash the dollar and create massive inflation.

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