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8 years ago

Looks like volume is cooling
Looks like volume is cooling off a bit, while inventory is creeping up a little. Active inventory is still below 2 months. It’s looking like buyers aren’t excited to pay the current prices but new sellers aren’t jumping in to put downward pressure on prices.

Mortgage rates dipped a bit with the Fed’s announcement this week, so that may prop things up for a bit. But whenever they actually raise rates I expect a fairly swift decrease in demand and increase in inventory.

8 years ago

I’m actually expecting rates
I’m actually expecting rates to go lower, we may have seen the peak for the year already. Not that the economy is softening but it’s also not picking up steam.

Almost every inflation uptick is offset by an efficiency gain.

Renewable energy will bring long term inflation down significantly and keep a lid on rates. The forecast is for solar to grow exponentially with costs dropping.

8 years ago
Reply to  Escoguy

Renewable energy has almost
Renewable energy has almost nothing to do with mortgage rates, especially not at current costs.

We’re still holding at 4% for the 30-year. Hope this hits 4.5-5% by year’s end and that the economy continues in tepid fashion. Good enough for the Fed to raise rates a bit. Not good enough for even more people to want to buy 🙂

8 years ago
Reply to  Escoguy

@Escoguy – agree with your
@Escoguy – agree with your position on rates. the short-end of the curve will move up, but the long end won’t – and there’s no way the fed will invert the curve and put us back into recession. there’s no inflation on the horizon, and we still have demographic factors in the developed world leading to low rates and a global search for yield.

8 years ago
Reply to  brg654

We’re due for a good ‘ol
We’re due for a good ‘ol ‘cession sometime in the next four years — the US has never gone more than ten years without a blessed opportunity presenting itself.