New home sales tank 19% to end 2018
One bad news after another for housing market. With rates predicted to go up higher to 5% the worst might be yet to come. https://www.cnbc.com/2019/01/07/housing-affordability-map.html
New home sales tank 19 percent to end 2018
CNBC
Rates will hit 4% before they hit 5%.
Huh, they have been over 4% for a while now. I assume you are talking about the 30 year fixed mortgage rate.
Yep - my point is they’re going to come down given the 10yr Treasury has decreased by half a point over the last three months and the Fed is wavering on raising rates again. Mortgage rates have peaked for this cycle.
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How is this bad? Lol
Home sales != home price.
The end is near
New
DuQvV7x Jan 12, 2019Keep in mind, FHA loans don’t process during a government shutdown.
What is that mean for home buyers?
Check back in April after tax season. I suspect we’ll see a huge increase in listings once people that purchased before he SALT deduction laws passed see their tax bill.
Most people getting $10K in SALT deductions were get $0 of SALT deductions before due to AMT.
That’s the argument yet no one can seem to quantify the number. It’s not going to take a very large number of listings in places like the Bay Area to cause a major spike and a chain reaction of people listing. There are many more on the fence hoping to see prices continue to increase. This happened in 2015 and then prices soared. I think this time is truly different 😂