This week’s biggest housing-related headline was the drop to a 3-year low in Existing Home Sales. Combined with other recent housing data, things are clearly not as good as they had been. But where you draw the line between doom, gloom, and reality depends on your perspective.
Source: Kevin Litwicki Universal Lending
Housing Market Weakness Depends on Perspective
Is This The Last Chance for Low Rates?
Interest rates have enjoyed several months of prosperity without any major bounce back toward higher levels, but that may be in the process of changing as of this week. Could this be the last time we see rates this low?
Source: Kevin Litwicki Universal Lending
Is This The Last Chance for Low Rates?
Does Housing Care About The Shutdown?
As long as we’re talking about government shutdowns that last about 3 weeks, past precedent is highly informative, but the longer the current shutdown continues, the more we’ll be in uncharted territory. This is especially true for the housing market.
Source: Kevin Litwicki Universal Lending
Does Housing Care About The Shutdown?
Is Everything Already Changing in 2019?
It was a long December for the stock market, which had its worst month since the financial crisis (in terms of % change). Meanwhile, interest rates had their best month since June 2016.
Source: Kevin Litwicki Universal Lending
Is Everything Already Changing in 2019?