Blog
Greenway’s Markets in a Minute I Are real estate's supply woes over at last?
Jan 25
9:00
AM
Category | Markets in a Minute
For the Week Ending January 25, 2019 |
Please enjoy this quick update on what happened this week in the housing and financial markets. |
The government shutdown continues to impact markets, with delayed economic reports keeping investors in the dark. Mortgage rates are unaffected so far. | |
Plenty of global economic reports are available to cause concern for traders, though. China and Europe both show signs of slowdown. | |
Jobless claims fell to a 49-year low last week. However, claims for several states were estimated and may be overstating the health of the labor market. |
Existing home sales fell by 6.4% in December, an unusually large drop likely caused by October's rapid rate increase. Rates have since retreated. | |
The supply of homes for sale rose more than 3% compared with a year ago. Low supply has been stifling sales since last spring. | |
Unconventional mortgages are making a comeback. Lenders issued $34 billion in non-QM loans in the first 3 quarters of 2018, a 24% increase year-over-year. |