In this video, real estate consultant and broker, Mike Weber, discusses some of the latest news coming out about the US Housing Market in October 2018. The Housing Market continues to show major signs of weakness with mortgage rates rising, the supply of housing rising, and sales falling.
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Content Sources:
https://fred.stlouisfed.org/series/DGS10/
Board of Governors of the Federal Reserve System (US), 10-Year Treasury Constant Maturity Rate [DGS10], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DGS10, October 9, 2018.
https://fred.stlouisfed.org/series/MORTGAGE30US
Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States [MORTGAGE30US], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MORTGAGE30US, October 9, 2018.
https://www.dallasnews.com/business/real-estate/2018/10/03/bad-news-home-sellers-d-fw-one-biggest-us-home-listing-gains
https://www.cnbc.com/2018/10/04/a-red-flashing-light-in-housing-market-could-spill-over-into-economy.html
https://www.attomdata.com/news/market-trends/home-sales-prices/q3-2018-home-affordability-report/
https://www.marketwatch.com/story/mortgage-rates-tick-down-ahead-of-bond-market-bloodbath-that-sent-yields-surging-2018-10-04
https://www.nationalmortgagenews.com/news/pending-home-sales-fall-for-an-eighth-straight-month
NREI: Multifamily investors are still okay with low cap rates, but that could change soon
https://www.apartmentlist.com/rentonomics/national-rent-data/
Thanks for watching!
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