Posted To: Pipeline Press
Housing, Rates, and the Economy Following the NAR's recent report that existing home sales rebounded in May, Brad Walker, CEO of Income& , sent on note on the implications of the news for the future of the housing market and whether this trend can be expected to sustain . "The increase in existing single-family homes aligns with the recent report on housing starts. While the recent housing starts report showed an aggregate decrease, there was an increase in single family housing starts with a larger decrease in multi-family housing starts. This indicates builders are pivoting to single-family homes, believing demand is robust enough to continue for at least 18 to 24 months." Many view pending home sales as a look into the near future, although plenty of things can cause a deal to fall through...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2tpFf74
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