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George Mason University Professor Anthony Sanders gives his outlook for the housing market.
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Homebuilders -- also up again this pending home sales numbers which -- gonna talk about right now.
Given some juice to -- -- up more than -- -- a bit more than.
Major market and we are gonna talk about that right now -- Sanders joins us more good news of the markets -- sales up at their highest level of the year for the month of October.
At least professor George Mason.
With us from our DC.
Bureau I -- David Buick in London of taking the air out of our bubble by telling us this move and it.
From you know from Europe which just nonsense today and we shouldn't get over overly crazy are you gonna do the same when it comes to housing.
-- Collie a slam.
As a matter of fact -- thoughts and here's and here's I'm gonna say that was and welcome report nine point 2% up.
-- expectation for 2% that is fantastic news.
But bear in mind just before at the mortgage bankers association's.
Mortgage refi an application survey came out for last week.
And they were down on purchases 33%.
So another words.
This was good news for this month but bear in mind that this is probably we're going into the winter solstice this is probably -- the last tango in Paris so to speak.
They'll probably be down next month -- slowdown will greatly.
Parts of -- tell us or give us -- your best forecast of what the future looks like because when we talk to people we talked to some billed as our.
You say all right this economy here the US the numbers look good including this one today and Europe's the real problem and they say.
The real big question for our US economy is can we get jobs figured out and can we get housing figured out in one order -- the other.
Chicken egg type of deal is that the jobs of the housing that comes first.
What will the next six months look like do you figure but well.
We're hoping economic growth will be stronger than it's been unfortunately it's it's getting better but not that much better unemployment and the -- six is due out next week.
Those are still -- at 9% and 16% respectively which means.
A partial unemployment -- they're not coming down fast enough so the market's not growling.
And I got to tell you Connell that news from the coordinated effort by the central banks was horrible that was was that.
That's what it basically says it's a flat -- -- -- inflation means Europe is the euro's -- basically it's like it.
-- elegant nuclear reactor meltdown -- dumping tons of water on it in the form of dollars hoping to put out the fire.
But the fires about overspending and too much debt and so this providing.
Fix the problem it's good assurance but.
Pop up this morning right in go down at the -- is George Mason who spends most of his spare time coming our FaceBook page -- and -- Natalia.
I don't do it today until the whole look for you later -- --
