Home sales numbers and other housing-related data have been hot topics of conversation recently. Some say positive housing trends are over. Others say it’s no big deal. The truth continues to be somewhere in between.
Source: Kevin Litwicki Universal Lending
Latest Pros and Cons on Housing and Rates
Scary Low Housing Numbers? Not Exactly
There’s no question that some housing markets around the country are showing signs of cooling. Price reductions are starting to show up again after an extended absence, the average home is staying on the market a bit longer, and inventory is finally coming up from the lowest levels in decades.
Source: Kevin Litwicki Universal Lending
Scary Low Housing Numbers? Not Exactly
Let's Talk Turkey: Do US Markets Care?
Turkey is the 17th biggest economy in the world in terms of GDP. That’s neck and neck with the Netherlands, roughly 20% bigger than Saudi Arabia (the next closest country) and 4 times bigger than Greece. So the fact that Turkey is in the throes of a debt crisis is making news.
Source: Kevin Litwicki Universal Lending
Let's Talk Turkey: Do US Markets Care?
Glimmers of Hope For Home Sales and Rates
News has been pretty grim recently for interest rates and the housing market. This week’s developments may provide a glimmer of hope.
Source: Kevin Litwicki Universal Lending
Glimmers of Hope For Home Sales and Rates
Putting Home Sales Slowdown in Perspective
Both New and Existing Home Sales came in lower than expected this week. Taken together with last week’s big drop in residential construction numbers, this raises obvious questions about the housing market. How much should you worry?
Source: Kevin Litwicki Universal Lending
Putting Home Sales Slowdown in Perspective
Should We Worry About a Housing Slowdown?
A monthly report on new residential construction came out this week, showing a big drop in housing starts (the groundbreaking phase following a building permit). Should we worry about a slowdown in home sales?
Source: Kevin Litwicki Universal Lending
Should We Worry About a Housing Slowdown?
Lowest Rates Since May, But There's a Catch
Rates ended the week at the best levels since late May. That sounds pretty great, right?! Unfortunately, there’s a fairly big catch.
Source: Kevin Litwicki Universal Lending
Lowest Rates Since May, But There's a Catch
Don't be Fooled by Trade War News
This week’s most prominent news was the so-called “official” beginning of the trade war between the U.S. and China. For something so official, it left much to be desired in terms of market movement. Let’s sort out what’s real, what’s not, and where our focus should be.
Source: Kevin Litwicki Universal Lending
Don't be Fooled by Trade War News
Who (or What) Is Pulling The Strings?
This week’s newsletter recaps where we’ve been, where we might be going, and how anxiety over that journey could determine how quickly we get there.
Source: Kevin Litwicki Universal Lending
Who (or What) Is Pulling The Strings?
2 Very Different Ways to Look at Housing Numbers
This week was chock full of housing data ranging from construction and builder sentiment to the most recent tally on existing home sales. The takeaways can vary depending on your angle of approach. So let’s take a look at all the angles!
Source: Kevin Litwicki Universal Lending
2 Very Different Ways to Look at Housing Numbers