Thursday, July 16, 2015

Economic and Forecast Update (July 1, 2015)

My Summary:
  • Existing-home sales in May hit the highest mark since 2009
  • Buyers Are Back
  • Investors are Stepping Out
  • The principal reason for the inventory shortage is the cumulative impact of home builders not being in the market for well over five years.  
  • There is no massive shadow inventory that can disrupt the market.
  •  There is a housing shortage
  • The Federal Reserve will be raising short-term rates soon
  • All in all, existing and new home sales will be rising.