Housing Market Could Anchor a Troubled Economy

Posted To: MND NewsWire

Isn't it amazing that, after the near-decade of turmoil we have just gone through, that CoreLogic is calling the housing market "an oasis of stability? " Maybe more surprising that those long-lamented tight inventories could be, in one respect, a good thing? According to the company's Deputy Chief Economist Sam Khater, June's vote on Brexit caused the most volatile day in the history of foreign exchange markets and in the aftermath, a influx of global investment pushed long term Treasury notes to record lows. "But one market seems to have escaped these gyrations: U.S. housing." Khater, writing in the company's Insights blog, says the most common way to measure volatility is the standard deviation in the metric of interest. In the case of housing prices, that means the degree to which the year...(read more)

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from Mortgage News Daily http://ift.tt/2bVehvH