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2018-03-05 11:41:45
Home Market Report


  • The Fed Chair, Jerome Powell, appeared before Congress this week, for his first time. Powell’s positive economic views may be a sign that interest rates might be increased.
  • January showed increase in Consumer prices  , and inflation had it’s largest gain in a year. Inflation causes interest rates to rise, affecting home loan rates.
  • The labor market continues to show strength as well. Filings for unemployment benefits fell last week to the lowest level in almost five decades.
  • The last Case-Shiller report showed that buyer demand is still strong and home prices increased by 6.4% compared to last year.
  • In January pending home sales were down 4.7%, possibly due to lower inventory, a raise in interest rates , and weather conditions. However buyer activity was very active. So expect home prices to continue to gain.
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2018-03-05 11:41:45
Home Market Report

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