Monday Cup of Coffee

Monday Morning Coffee April 23

CoreLogic’s latest “Equity Report” revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation. CoreLogic’s Chief Economist says “Home-price growth has been the primary driver of home-equity wealth creation. The CoreLogic Home…

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Monday Morning Coffee April 16

The US has been in the grips of a historic housing inventory crisis. According a recent report from Realtor.com, it’s the worst inventory crisis the nation has experienced in the past 20 years. The fierce competition for housing has driven up home prices in markets across the country and created an ideal market for sellers.…

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Monday Morning Coffee April 9

Investors are divided about whether there will be three or four federal fund rate hikes this year, but as widely expected, the first 25 basis point hike in 2018 took place in March. Investors were much more interested in the projections of Fed officials for the pace of future rate hikes. Expectations are increasing in…

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Monday Morning Coffee April 2

If you read this real estate update frequently, you know that multiple factors affect your mortgage rates each and every week. Recent employment statistics were negative for mortgage rates, but weaker than expected wage growth limited the impact, so rates changed very little. Against a consensus forecast of 205,000, the economy gained an enormous 313,000…

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Monday Morning Coffee March 19

Lawrence Yun, Chief Economist for the NAR (National Association of Realtors shared how 2018 began in the housing market. As we all seem to know, inventory is still low, and getting low. The availability of homes for sale nationwide decreased 9.5% compared to a year ago. Because of the lack of availability, the number of…

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Monday Morning Coffee March 12

The latest report on housing starts was encouraging. In January, single-family housing starts rose 4% from December and they were 8% higher than a year ago. A lack of inventory has been holding back home sales in many regions, so it’s good to see that home builders appear to be picking up the pace of…

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