November New Home Sales: Setting Up for a Weak End to 2018
November new home sales rose 16.7 percent from October, to 657,000 units (SAAR), according to the U.S. Census Bureau.
November New Home Sales: Setting Up for a Weak End to 2018
November new home sales rose 16.7 percent from October, to 657,000 units (SAAR), according to the U.S. Census Bureau.
After Patiently Waiting, Rates Primed to Fall Following Fed Remarks
Mortgage rates remained flat again this week but are primed to fall following the Federal Open Market Committee (FOMC) meeting that concluded Wednesday afternoon.
Squabbles, Shutdown and Scarce Stats Leave Rates Flat Again
Mortgage rates were flat again this week, despite fluctuations caused by geo-political uncertainty and unexpectedly strong manufacturing data.
December Existing Home Sales: Back to the Grind
December existing home sales dropped 6.4 percent from November, to 4.99 million units at a seasonally adjusted annual rate, according to the National Association of Realtors. It was te weakest month in more than three years (November 2015).
Forecast for Existing and New Home Sales (December 2018)
Zillow expects estimates existing home sales fell 2.6 percent in December.
Missing Data Accompanying Missed Paychecks as Government Shutdown Continues
The Census Bureau was scheduled to publish monthly new construction permits and starts data for December this morning, but the release was delayed because of the federal government shutdown. The delay comes at a critical moment for the American economy, amidst growing uncertainty about the underlying health of the housing market – and each missing or delayed data point adds to that uncertainty for buyers, sellers, developers, investors and local governments.
Shutdown Rolls On, Rates Stay Put
Mortgage rates were flat this week, standing pat near their lowest levels since spring 2018 despite signs of market weakness and ongoing uncertainty at home and abroad.
Rates Clock-In at Two-Week High Following Strong Jobs Data
Propelled upward by stellar jobs data, more cautious forward-looking statements from Federal Reserve officials and easing trade fears, rates reached their highest point in two weeks.
New Year, Same Trend: Mortgage Rates Down Again This Week
Mortgage rates slumped lower this week, beginning the year at their lowest levels in more than four months.
For the time being, this slowdown represents a return to fundamentals more than anything else, and to more balance between buyers and sellers.
