Real Estate Leaders Speak Out Against RacismTop RE brokerages recently contacted agents. A Keller Williams task force will work “to eliminate racial disparity.” Redfin plans a deeper analysis of
How Will The Housing Market Handle Rising Rates
Ever since the November election, when the Trump victory sent bond yields flying and mortgage rates following closely behind, analysts have been preoccupied with that question. From overly cautious lending standards to extremely tight inventory, the housing market has plenty of challenges, and any additional constraint won’t help.
While mortgage rates have not made a significant move upward yet, most analysts project stronger economic growth in the U.S. for later this year which always causes fixed rates to rise. But everything is relative as a stronger economy also means higher wages and more jobs....two key factors in housing demand.
With Inventory levels at 17 month lows and more consumers joining the work force and earning more, it actually more than offsets any uptick in mortgage rates.
The real key is going to be the regulatory path for changes in the Dodd-Frank Act. The Trump Administration has already signed one executive order for departments to review and change their regulatory rules based upon looser interpretations, but they have made it clear that they will be proposing changes in Congress to lighten up the impact of Dodd-Frank which would make lending easier for financial institutions and potentially add more home buyers to the market place than their otherwise would be and that would add more demand to a housing market that is already very tigh
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