The future is always uncertain when it comes to financial markets and interest rate movement, but there are times where a certain series of events seems more likely. For most of 2019, mid-March looked to be one of those times. The year began with a sharp move...
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Why 2019 Could Actually be Great For Housing and Mortgage Markets
By some measures, housing and mortgage markets took a turn for the worse in 2018. Some of the weakness can be thought of in a positive light (i.e. housing "catching its breath" after a strong run). But the rest of the weakness raised questions as to how deep the...
Why We’re Seeing Huge Moves in Home Sales, Prices, and Rates
Brace yourself. There's a lot to unpack this week. When it comes to factors affecting home sales, rates, and markets in general, we've rarely seen such a combination of complexity, uncertainty, and unpredictability. Home Sales Shocker After being delayed for several...
Does Housing Care About The Shutdown?
As long as we're talking about government shutdowns that last a few weeks, past precedent is highly informative, but the longer the current shutdown continues, the more we'll be in uncharted territory. This is especially true for the housing market. The only relevant...
Housing Showing Some Signs of Stabilizing
It wouldn't be 2018 in the housing market if there wasn't at least one report painting a gloomier picture. The National Association of Homebuilders Housing Market Index (or "builder confidence" for short) did those honors this week. Up until now, builder confidence...
Who Gets The Blame For Higher Rates?
Are you mad? Whether you're a housing/mortgage professional or simply a person who might like to buy/sell/refinance a house at some point in the near future, you have a right to be frustrated. Housing is definitely in the midst of a cooling phase. There are many...
Scary Low Housing Numbers? Not Exactly
There's no question that some housing markets around the country are showing signs of cooling. Price reductions are starting to show up again after an extended absence, the average home is staying on the market a bit longer, and inventory is finally coming up from the...
Putting Home Sales Slowdown in Perspective
Both New and Existing Home Sales came in lower than expected this week. Taken together with last week's big drop in Housing Starts, this raises obvious questions about the housing market. How much should you worry? Incidentally, I posed the same question in last...
Should We Worry About a Housing Slowdown?
A monthly report on new residential construction came out this week, showing a big drop in housing starts (the groundbreaking phase following a building permit). Should we worry about a slowdown in home sales? The short answer is "no." The long answer is a bit more...