Home sales will remain strong because all the fundamentals remain rock solid. Long-term rates are falling, inflation is falling and employment remains strong.
More Quotes from Bob Walters:
News from the Fed that they may continue raising short-term rates surprised the market, causing short-term rates to exceed long-term rates.Bob Walters
We may see a flattening of the increase, but not much of a drop. The fundamentals remain strong Employment is robust, and interest rates remain low.
Bob Walters
Fixed mortgage rates stayed in a narrow, historically low, band in February.
Bob Walters
It's critically important that people understand and know what their what their credit score is, ... Even if you're not going to buy a home for a year or two, you need to talk to a mortgage banker you trust. They're going to pull what's called a tri-merged credit report.
Bob Walters
This is one of the many different tactics businesses are using to get in on the hot housing market. Lenders are grappling with what they can do to keep people coming to the market.
Bob Walters
Affordability will keep prices in check, But for as long as rates stay near historic lows and employment remains strong, I think pricing will stay strong. We probably won't see the double-digit gains that we've seen.
Bob Walters
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