Jul 17, 2014

A Weakening Housing Market

Mortgage applications dropped sharply, purchase applications plunged, showing that the strength in the housing market to which Janet Yellen is pointing as a positive for the economy going forward is already turning around. The situation for housing is weakening.

Related stocks and ETFs: SPDR S&P Homebuilders (ETF)(XHB), The Ryland Group (RYL), Lennar Corp. (LEN), KB Home (KBH);

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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