The housing cycle: how today's existing home sales, prices, and inventory fit

 -by New Deal democrat

I have a new post up at XE.com looking at today's existing home sales report.

There is a cycle to housing sales, prices, and inventories, with interest rates taking the lead.

Today's report enables me to show you and overall view of the order in which these metrics rise and fall.  At this point I think we can make a pretty decent forecast about what the rest of the year holds for the hsouing market.