Builder
Despite fears of a downturn, CNN’s Paul R. La Monica reports positive fundamentals may serve as signs the housing market will bounce back in 2019.
While interest rates and home values appear to have slowed home sales last year, the NAHB says falling rates have led to a spike in builder confidence and an increase in demand. Mortgage rates held steady at 4.45% last week after dropping for six straight weeks, which has sparked the largest level of new purchase applications since April 2010, according to the Mortgage Bankers Association.
