A look at housing without rose-colored glasses

By Lynn Effinger | HousingWire

It is only January and already reports are appearing that 2016 is going to be a wonderful year for housing. Don’t believe everything you read.

For example, in an article in HousingWire, “Proof the housing market can survive a Fed interest rate hike,” the author, Brena Swanson, quotes Mathew Pointon, property economist with Capital Economics, as saying that the precipitous drop in mortgage applications this week (by nearly 28%) is not due to the Fed raising interest rates.

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January 8, 2016

Housing, real estate

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