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What do Boomers have to do with housing supply? {Market Report} February 11th

What do Boomers have to do with housing supply? {Market Report} February 11th
February 11, 2019 abryant

Market Report - American Family Funding

 

“Cocktails & Conversation” is back! Please join us Thursday, Feb. 21st, 5-6:30 pm at Lucille’s! Come say Hi!

 

 

I wish my phone never ran out of battery and my fridge never ran out of food.

Today, when I stepped outside, I got nailed by a bird. But I’m still going back outside tomorrow.

Don’t you hate it when you get on your own nerves??!!!!

Can anyone tell me what to do when life offers you an orange…?

Wigs are made of your hair that gets caught in the drain.

 

Now The Market Report . . .

 

Mortgage rates have shown more volatility from day-to-day recently. Overall, rates have hovered at recent lows.

The rate of retail sales growth is expected to slow in 2019 amid cooling economic conditions. Still, retail sales are forecast to rise between 3.8% and 4.4%.

The U.S. trade deficit dropped 11.5% in November, falling for the first time in 6 months. The decrease in imports followed 5 straight months of increases.

 

The recent drop in mortgage rates has helped spark greater demand for housing. Many buyers are out shopping, hoping for a quick deal before rates rise.

Data shows luxury house flipping has risen in several markets throughout the nation. However, it’s still low relative to the years before 2008.

A Fed study shows student loan debt plays a significant role in keeping many in the 24 to 32 age group from buying a home.

 

“The only thing worse than being blind is having sight but no vision.”

Helen Keller

 

Next week’s potential market moving reports are:

Monday, February 11th:          No Reports Scheduled

Tuesday, February 12th:         Job Openings Report

Wednesday, February 13th:    Consumer Price Index

Thursday, February 14th:        First Time Jobless Claims, Producer Price Index

Friday, February 15th:             Retail Sales, Industrial Production

 

Santa Clarita mortgages lender American Family Funding can help you fulfill your dream of home ownership. A highly rated Santa Clarita mortgages lender, American Family Funding maintains a focus on community involvement and a commitment to giving back whenever possible. A friendly mortgage advisor will make the first time homebuyer experience an easy and stress-free experience — even with bad credit or a low down payment. The Santa Clarita home loan officers at American Family Funding also specialize in VA loans, reverse mortgages, refinancing and the STAR Loan Program.