News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Les Christie / CNN/Money / July 18, 2013
If history is any indication, the recent spike in mortgage rates is going to have little to no impact on home prices, according to a new report from Fannie Mae.
After looking at mortgage rates going back to 1990, Fannie Mae’s researchers came to the surprising conclusion that while rising rates were likely to hurt the number of home sales, they had virtually no impact on home prices.
“History suggests that interest rate increases at the level recently witnessed will not stop the current housing recovery,” the report said.
The study, which compared historic mortgage ratesRead More
The Economist / June 29, 2013
America’s builders have responded cautiously to higher house prices. So far
THE stronger-than-expected 53% growth in quarterly sales reported on June 25th by Lennar, America’s biggest homebuilder by market capitalisation, is the latest evidence that the country’s housing market is recovering from its mid-decade meltdown. On the same day the Commerce Department reported that 476,000 new homes were sold nationwide in May, the third month in a row that sales have grown and the highest monthly total since July 2008. The S&P/Case-Shiller index of house prices in the 20 largest
CCTV America / June 27, 2013
CCTV AMERICA’s Phillip Yin is joined by Brad Hunter, director of Metrostudy National, to talk about the recovering US housing sector and what the rising prices and mortgage rates mean for investorsRead More
Ylan Q. Mui / The Washington Post / June 26, 2013
The Federal Reserve is becoming concerned that the recent spike in interest rates could disrupt the rebound in the housing market and force the central bank to delay plans to scale back its multibillion-dollar economic stimulus.
The Fed believes the economy eventually will be strong enough to handle a pullback in stimulus, likely in the fourth quarter. But a prolonged rise in interest rates for mortgages and other loans would become a key factor in the central bank’s decision.
Chairman Ben S. Bernanke said last week that the Fed is monitoring these rates but expressed hope that consumer confidenceRead More
Joint Center for Housing Studies of Harvard University / June 26, 2013
Driven by rising home prices and growing demand, the U.S. housing recovery is well underway, concludes The State of the Nation’s Housing report released on June 26, 2013 by the Joint Center for Housing Studies of Harvard University. While still at historically low levels, housing construction has finally turned the corner, giving the economy a much-needed boost. But even as the recovery gains momentum, millions of homeowners are still delinquent on their mortgages or owe more than their homes are worth, and severe housing cost burdens have set a new record.Read More