MONTHLY NEWSLETTER – JULY-AUGUST, 2018 National Trend Mortgage interest rates are up again today, even though all economic indicators and reports are consistent with market expectation. Consumer spending is up. Personal income is up. Consumer confidence up. Home price index up. The fact that major stock indexes are higher and 10 year treasuries are […]
Monthly Newsletter – June, 2018
Monthly Newsletter – June, 2018 National Trend No, the party’s not over, but rates for home loans rose to the highest level since 2011. With lean supply and increasing asking prices, we expect more consumer push-back in the short-term. The definition of “market value” is becoming more volatile. Although low supply, much inventory remains unsold […]
Monthly Newsletter – March 2018
Monthly Newsletter – March 2018 National Trend Consumer confidence remains strong as we head into the spring buying season. With economic improvement comes talk of inflation and continued mortgage interest rate increases. Some concern is fueled by further federal deficit spending. Since 2010 federal spending as a percentage of GDP has soared. Local Trend […]
MONTHLY NEWSLETTER NOVEMBER, 2017
MONTHLY NEWSLETTER – NOVEMBER, 2017 National Trend According to the ULI (Urban Land Institute), the immediate future of real estate promises “a relatively smooth ride”. In concert with PricewaterhouseCoopers, the ULI unveiled their “2018 Emerging Trends in Real Estate” report last month in Los Angeles. The consensus of real estate experts and analysts surveyed by […]
MONTHLY NEWSLETTER – OCTOBER 2017
National Trend The battle rages over the Mortgage Interest Deduction (MID) and tax reform. National Association of Realtors (NAR) and National Association of Home Builders (NAHB) are double-teaming and double-timing in their efforts to save the MID. Over the past 30 years, we have never seen anyone buy a home or condo simply because there […]