Confidence
REALTORS® Confidence Index Survey: September 2018 Highlights
Eighty-one percent of respondents reported that home prices remained constant or rose in September 2018 compared to levels one year ago (85 percent in September 2017). www.nar.realtor – Vacation, Resort, and Second Homes
REALTORS® Confidence Index Survey: February 2019 Highlights
First-time buyers accounted for 32 percent of sales (29 percent in February 2018). www.nar.realtor – Vacation, Resort, and Second Homes
The Downside of Ultra Low Rates; Builder Confidence Fully Recovered?
The Downside of Ultra Low Rates Actions and reactions are as true in the bond market as in the natural world. The equal and opposite reaction to a sub 3% 30yr fixed rate is a spike in the supply of new MBS. From there, supply/demand 101 says we should see downward pressure on prices. That’s […]