Training and Resources; Economy Continues to Move Rates Higher

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Posted To: Pipeline Press

Jobs & housing drive the economy, and yesterday we learned that Existing Home Sales fell 3.2% in January, according to NAR . Lawrence Yun, NAR’s Chief Economist said: “The utter lack of sufficient housing supply and its influence on higher home prices muted overall sales activity in much of the U.S. last month.” Buyer traffic is strong, but sales have lagged last January’s pace. “It’s very clear that too many markets right now are becoming less affordable and desperately need more new listings to calm the speedy price growth.” Industry observers ask, “Baby Boomers are going to move… where?” Mark W. observed, “The MBA tells us that refis are still 44% of all new loan apps. That is fascinating to me since it should be closer to…(read more)

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