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Lower Mortgage Rates are Not Boosting U.S. Home Sales


The U.S. housing market has a serious case of “the blahs.”

Despite lower mortgage rates, the market is now in a 15-month slump. Home prices and sales have slowed substantially and permits to build new homes are slowing.

The Fed’s recent decision to lower interest rates as a means to stave off a recession is somewhat counterintuitive when it comes to housing. A recession would pull down prices and help solve the problem of overpriced homes.

Applications to purchase a home have declined for four weeks running according to the latest Mortgage Bankers Association data; it’s not clear that even lower rates will help.

Meanwhile, consumer plans to buy a home within six months are at multi-year lows.

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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