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Freddie Mac analysts see a two-pronged threat to housing sales for the remainder of the year, especially in the previously high-flying western part of the country. The company's economic outlook for August notes that the ongoing lack of housing supply and the not unrelated affordability issues will probably keep a lid on the growth of home sales going forward. "The housing market hit some speed bumps this summer, with many prospective homebuyers slowed by not enough moderately-priced homes for sale and higher home prices and mortgage rates," said Freddie Mac Chief Economist Sam Khater. "These challenges were predominantly seen in expensive markets out West, where demand and sales are beginning to dampen because of weakening affordability." The cooling of the housing market was manifested in
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Housing News
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Freddie Mac analysts see a two-pronged threat to housing sales for the remainder of the year, especially in the previously high-flying western part of the country. The company's economic outlook for August notes that the ongoing lack of housing suppl... (read more) |
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Housing News
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The Fannie Mae's National Housing Survey (NHS) polls a large panel of consumers monthly about their attitudes toward housing and related topics and generally reports on five or six of the survey's trendlines. Others of the 100 or so questions form th... (read more) |
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Housing News
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Prices slipped in June according to the S&P CoreLogic Case-Shiller price indices. The National Index, which covers all nine U.S. Census divisions, showed annual prices were up by 6.4 percent in both April and May but posted only a 6.2 percent inc... (read more) |
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MBS Commentary
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Late June through late July saw 10yr yields trade in the 'same old range' with lows centered on 2.81 and highs on 2.89. That range was broken at the end of July but has since come back into fashion thanks to emerging market uncertainty, a sligh... (read more) |
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Rob Chrisman
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As the East Coast swelters and Hawaii floods, loan officers I’ve spoken to recently believe the high price end in some markets is starting to stall a little bit as markets correct toward normalcy. I’ve spent much of this week in Montana a... (read more) |
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MBS Commentary
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It was a straightforward trading day today. Overnight weakness came courtesy of stronger econ data in Germany and the resulting sell-off in European bonds. The rest of the weakness was a product of a "risk-on" move stemming from updates... (read more) |
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