Japan exports, California home sales, Arizona home sales

by WARREN MOSLER

Japan exports hit by biggest fall in 2 years on weak China demand

(Reuters) Japan’s exports fell 8.4 percent in the year to January. It was the sharpest annual decline since October 2016, and followed a revised 3.9 percent year-on-year drop last December. Japanese exports to China, Japan’s biggest trading partner, fell 17.4 percent in the year to January. Slowing shipments ahead of Chinese New Year holidays likely helped slow China-bound exports, finance ministry officials said. Japan’s shipments to Asia, which account for more than half of overall exports, fell 13.1 percent in January. U.S.-bound exports rose 6.8 percent in the year to January, led by shipments of cars.

California Existing Homes in January: “Home sales fall to lowest level in more than 10 years”

The CAR reported: California home sales fall to lowest level in more than 10 years, C.A.R. reports

Housing demand in California remained subdued for the ninth consecutive month in January as economic and market uncertainties sent home sales to their lowest level since April 2008, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

The Arizona Regional Multiple Listing Service (ARMLS) reports (“Stats Report”):

1) Overall sales declined to 5,357 from 6,082 in January 2018. Sales were down 16.3% from December, and down 11.9% from January 2018.

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