Michael Pond
Michael Pond
driven fed likely market move today view
The big part of the move today is driven by the view that the Fed will likely go more than what the market had thought.
clarity compared demand direction either expect gain gains housing market momentum overall rate relatively remains trend until weaker
I don't expect the market to gain momentum in either direction until it gains new clarity about the possibility of a May rate hike. The overall trend in housing demand remains relatively weaker compared with 2005.