Forecasts for Existing and New Home Sales (May 2019)
We expect May existing home sales to grow from April unrevised figure – chipping away at the year-over-year deficit that has persisted since March 2018 caused by declines due to climbing mortgage rates, poor stock market performance and fears of a slowing economy.
Rates Starting to Fall Following Central Bank Comments
Markets hotly anticipated this week’s meeting of the Federal Open Market Committee (FOMC), but it was the European Central Bank that first jolted rates from their generally sideways movement this week.
May Housing Starts: Mixed Signals
A slew of mixed market signals is both buoying and biting builder confidence as the year progresses.
Mortgage Rates Steady as Markets Await Fed Announcement
Mortgage rates ended the week flat, remaining near their lowest levels in more than a year as some uncertainty surrounding trade tensions appeared to ease.
Parents Buying Homes: Long on Wish Lists and Breaking the Budget
The home-shopping process for buyers with children who are under 18 and living at home is more arduous: They are more likely to see an offer or mortgage financing fall through, and they’re more likely to go over budget.
Mortgage Rates Fall Again as Investor Expectations Shift
Mortgage rates fell this week as trade tensions continue to dictate market movements.
Rates Slide as Bond Market Falls Sharply
Mortgage rates fell this week, but not as far as expected, amid growing geopolitical uncertainty that has prompted a steep decline in the bond market.
Unexpected Repairs and Maintenance Top the List of Regrets for Homeowners
Only 8% of homeowners wish they were renting instead, but homeowners do have regrets – most notably the curse of unexpected repairs.
March Case-Shiller Results and April Forecast: Home Buyers Hitting a Breaking Point?
Home buyers have hit a breaking point in what they’re willing to pay, even with low mortgage rates and even in places where incomes are high — and home price growth is slowing in response.
April New Home Sales: Better Than They Seem
While the headline figures are disappointing, this decline in new home sales does not reflect the overall health of the housing market.
