Sales of U.S new houses, those under construction and property whose construction is yet to begin have unexpectedly risen in March 2019, exceeding the estimates that had been made from survey data. The statistics obtained from sample surveys shows that the number of new houses sold rose to 692, 000, while the available houses for […]
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U.S. existing home sales book 4.9% decline March 2019
March home sales declined some 4.9% after a robust February though analysts aren’t terribly concerned about the dip, citing rising inventories as the market’s way of keeping home prices in check. That’s the conclusion offered by the National Association of Realtors in their assessment of the current state of the market. Chief economist for the […]
Fed minutes reveal, officials to wait now – raise later
During the March 20 meeting held by members of the Federal Open Market Committee, there was an undisputed public call for patience; however, according to a more comprehensive report published Wednesday, opposing opinions were observed. Based on the minutes, some members suggested that their opinions concerning the right target range about the federal money rate […]
Top 7 Housing Market Predictions for the Rest of 2019
The housing market is expected to slow down somewhat in 2019 but home ownership is expected to rise according to industry leaders and professional associations. On top of that, it is anticipated that mortgage rates will continue to remain historically low. New housing will face the continuing pressures of labor shortages in the construction industry […]
2019 U.S. Housing Market Report Sends Mixed Signals
The first quarter of 2019 has ended, and now it is time to take stock and evaluate the events seen in the U.S. housing market over the first three months. Overall, mortgage demand has risen and home sales are on the rise across the board. Still, it is prudent to take a closer look at […]
