Home sales have lagged expectations so far this year, but one indicator suggests the housing market may be set for a rebound.
Pulsenomics is an independent research firm that specializes in real estate data analytics. A few years ago, MarketWatch profiled its founder, Terry Loebs, who has a long background in home price forecasting. The firm polls economists, analysts, and strategists on their expectations for prices in the future.
The first quarter also represented what Loebs calls “a healthy meeting of the minds” between would-be buyers and sellers.The economy — wage growth, specifically — has finally improved enough to make consumers confident about homeownership, Loebs said in an interview, even as media attention on the flagging housing market last year gave hope to some wannabe buyers. Lower mortgage rates since the start of 2019 are also helping.
People have more money today. Home values is many areas of the country are still overinflated. The stigma against renting is fading. All that combined with SALT Limitations suggests that home sales in some areas will flourish but overpriced areas are going to feel a squeeze.
The only thing that’s going to get a housing market rebound is a solid trade deal with China.
Nope 👎🏻
I don’t think so