Tag Archives: mortgage
Housing Slows
Sales of new and existing single-family homes have fallen since their recent high in November 2017 while pending home sales are flat to down so far this year. Starts of new single-family homes are volatile but also remain below the peak seen at the end of 2017. Recent press reports of declining activity in several…
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To Have and to Hold in Residential Real Estate
Homeowners choose the time to sell their home for various personal and socioeconomic reasons but also for financial considerations such as mortgage rates, tax consequences, current property values, and the holding period. The holding period is the time frame between the day the residential property was purchased to the day it was sold. The general…
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Putin Today, Shiller Tomorrow, Yellen on Wednesday
Over the course of last week, yields on all on-the-run bonds moved lower. The yield on the S&P/BGCantor Current 10 Year U.S. Treasury Index closed Friday 11 basis points lower at a 2.67%. During the week the Treasury did auction $32 billion 2’s, $35 billion 5’s and $29 billion 7-year notes. Though the 2-year auction…
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