Will rates keep their downward momentum?

Will rates keep their downward momentum?

When looking back at the housing market this past year, there were three main storylines that largely defined buying a home – mortgage rates, home prices, and the number of homes for sale, also known as inventory. From a homebuyer’s perspective, all of those...
Fed Pivots and Housing Starts Surge

Fed Pivots and Housing Starts Surge

NAHB Chief Economist Robert Dietz recently provided the following economic overview in his bi-weekly newsletter Eye on the Economy. Interest rates have pulled back in recent weeks, as markets correctly anticipated a dovish Federal Reserve announcement in December. In...
Housing’s Contribution to Gross Domestic Product

Housing’s Contribution to Gross Domestic Product

Housing’s combined contribution to GDP generally averages 15-18%, and occurs in two basic ways: Residential investment (averaging roughly 3-5% of GDP), which includes construction of new single-family and multifamily structures, residential remodeling, production of...
When Will Home Prices Drop? Here’s What 6 Economists Say.

When Will Home Prices Drop? Here’s What 6 Economists Say.

Winter is generally a slow season for the real-estate sector, but will it stay frozen or thaw out—and more importantly, will home prices keep rising, or fall? Home prices and mortgage rates show few signs of falling at the end of October, as low inventory spurs...
5 Things You Didn’t Know a VA Loan Could Do for You

5 Things You Didn’t Know a VA Loan Could Do for You

Thanks to the bravery and sacrifices of our veterans and active military, the rest of our country’s civilians can live the American dream in safety. So how fitting is it that one tangible way our country says “thank you for your service” to current and former members...