Thinking about selling your home?Curious to know what your home is worth? Thinking about upgrading or downsizing to another home? Get your instant home value within a few seconds here: >>
Mortgage Rates, the Economy and Housing News 2018
|For the Week Ending|
Please enjoy this quick update on what happened this week in the housing and financial markets.
|Minutes from the Fed's last FOMC meeting point to more policy rate hikes ahead. Officials have seen an increase in economic growth and an uptick in inflation.|
|The Fed doesn't control mortgage rates, yet rates are influenced by the Fed's actions. As the Fed raises policy rates this year, mortgage rates will likely follow.|
|Jobless claims hit a near 45-year low last week, pointing to strong job growth in February. A strong labor market supports the growing economy.|
|Existing home sales fell unexpectedly in January, possibly due to tight inventory and rising mortgage rates. Home supply has declined for 32 straight months.|
|New housing starts were up though, to a 1-yr high of 1.326 million in January. Building permits soared to their highest level since 2007.|
|While builders are busy creating new homes, condos are lacking. Condos are 7% of the multifamily market (down from an average of 22% from 1985-2003).|
#mortgage #mortgagerate #february #housingmarket #realestatetrends #sanantoniorealestate #homesforsaleinsanantonio #2018 #sanantoniomarket #mysanantoniorealtor #yourneighborhoodspecialist #topsatxrealtor #topsanantoniorealtor #sell #buy #build #economy #housingmarket #dreamhome #newconstruction #homesforsale #currentrealestatenews
Experienced, Muti-Million Dollar Producing REALTOR® with 11+ years of working in the real estate and new construction industry. As your trusted and top San Antonio REALTOR®, I specialize in helping ....