MIXED MESSAGES

MIXED MESSAGES Housing market activity is up or down – depending on the report. Commenting on the latest National Association of Realtors’ (NAR) Pending Home Sales Index (PHSI), NAR Chief Economist Lawrence Yun said, “We are seeing a positive sentiment from consumers about home buying, as mortgage applications have been steadily increasing and mortgage rates

REAL ESTATE REBOUND

03-28-2019 REAL ESTATE REBOUND Existing-home sales increased 11.8% from January to February – the largest month-over-month gain since December 2015, according to the National Association of Realtors®. Three of the four major U.S. regions saw sales gains, while the Northeast remained unchanged from last month. LASTING LOWS Rates for a 30-year fixed rate mortgage trended

Hobbling home sales, market measures & date rating

DOWN DECEMBER Existing home sales fell 6.4% between November and December and 10.3% year-over-year according to the latest National Association of Realtors’ (NAR) Confidence Index. NAR Chief Economist Lawrence Yun cited interest rate activity as the cause. “The housing market is obviously very sensitive to mortgage rates,” he said. “Softer sales in December reflected consumer

Up-to-date information on the latest financial news. View online.       Government Shutdown Impacts Housing Market Overview: Reduced expectations for global economic growth were good for mortgage rates over the past week. There was little significant economic data or news during the holiday period, and mortgage rates ended the week lower. The government shutdown