It was a busy week for economic data with several reports that were pertinent to the housing market. In addition to being the perennial top dog among economic reports, this Friday's jobs report was especially important due to its role in the Federal Reserve's...
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Mortgage Market’s Most Powerful Person Just Got Fired. What Are The Implications?
The Federal Housing Finance Agency (FHFA) was born of the chaos that defined the mortgage market at the end of the great financial crisis. In addition to absorbing existing regulatory agencies’ duties, its most important and unique role came as the conservator of...
Mixed Signals About Housing and Economic Recovery
Coronavirus made for record-shattering movement in financial markets and economic data. With lockdowns ending, investors are eager to see improvements. Instead, they're finding plenty of mixed signals. One of the most basic examples would be the relationship between...
Housing Market Ended Summer With a Bang
Looking at the calendar (and the weather, depending on where you live), summer may seem like an increasingly distant memory, but for housing market data, things are just heating up. Whether we're talking about the housing market or almost any other aspect of the...
Is There Really Trouble in The Housing Market?
Negative housing-related headlines are on the rise. Here are a few recent examples: Foreign purchases of American homes plunge 36% as Chinese buyers flee the market Another bad sign for the housing market Housing is providing another in a line of troubling signs...
Big Bounce in Home Sales And What it Could Mean For Prices
It was an action-packed week for financial markets. Earnings were in full swing. There was a ton of economic data to digest. And of course, there was the Fed announcement and press conference to cause volatility from Wednesday afternoon on. But one of the most...
Rates Dropping Fast as Home Sales Bounce Back
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...
Home Sales Bouncing Back, But So Are Rates
Two weeks ago, the newsletter discussed why 2019 could actually be great for the housing market, despite downbeat reports and the likelihood of one more month of weakness for Existing Home Sales. That weakness showed up last week, but with it came a comment from the...
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...