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Lawler: Early Read on Existing Home Sales in October

From housing economist Tom Lawler: Early Read on Existing Home Sales in October Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.36 million in October, down 0.4% from September’s […]

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Mortgage Rates and Ten Year Yield

With the ten year yield at 1.81%, and based on an historical relationship, 30-year rates should currently be around 3.75%. As of Friday, Mortgage News Daily reported: Much Better Week For Rates, But Bigger Picture Risks Remain Mortgage rates finished the week in much better territory compared to last Friday. Today only added modestly to […]

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NAHB: “Builder Confidence Holds Firm in November”

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 70 in November, down from 71 in October. Any number above 50 indicates that more builders view sales conditions as good than poor. From NAHB: Builder Confidence Holds Firm in November Builder confidence in the market for newly-built single-family homes edged […]

Real Estate

2 Myths Holding Back Home Buyers

In a recent article, First American shared how millennials are not really any different from previous generations when it comes to the goal of homeownership; it is still a huge part of their American Dream. The piece, however, also reveals,  “Saving for a down payment is one of the biggest obstacles faced by first-time home […]

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A positive twist on geopolitical risk?

Geopolitical risks seem to be on a constant crescendo. Each day brings a new worry: Lebanon’s prime minister resigns, separatist groups raise their voices in Catalonia, street protests break out in prosperous cities such as Hong Kong and Santiago. In the developed world, feelings of inequality arising from stagnant wages for the average worker have […]