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Tag Archives: interest rates
The latest FNC Residential Price Index™ (RPI) shows the U.S. housing market continued to recover, recording in March the 13th consecutive price increase. In recent months, the ongoing housing recovery has maintained its pace with steady and persistent gains in home prices despite signs of continued job market weakness and soft economic growth.
Low interest rates continue to be a key driver of rising housing demand. The market… Continue reading
Happy Fiscal New Year.
Last week it was announced that new home sales are up, at a seasonally adjusted annual rate of 373,000. From the bottom, that number is up nicely. But from the top, it’s way down. (Source: Calculated Risk)
As there were 141,000 new homes for sale last month, FNC’s Bob Dorsey says it should take four-and-a-half months until that inventory is clear.
The good news is that the potential for a double-dip recession and our fear of it is fading. This should help stimulate economic growth. The Wall Street Journal reported that the U.S. economy had grown about 2.6% in the third quarter. During this period companies have increased their inventories of goods. While consumer spending was down during this same period, a recent increase in spending reflects consumer comfort. Last week’s… Continue reading