It's a buyer's housing market as mortgage rates slip to a 13 month low
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Real estate agents saying it's a buyer's market in the housing sector as mortgage rates slip to a 13 month low. Trulia's chief economist Issi Romem joins Yahoo Finance's Jackie DeAngelis
  • Lily
    What a load of crock. When interest rates decrease, prices go up. Home prices are HUGELY inflated, and inventory is still way too low. It might be slightly less of a sellers market than a year ago, but it's NOWHERE NEAR a buyer's market.
  • Joe
    Lower rates mean smaller payments per thousand dollars borrowed which means the buyer can afford to pay more. How does that make it a buyer's market?
  • David
    Blahhh Blahhh Blahhh. You know were the housing cycle is at right now, so keep trying to manipulate people because you need to for your paycheck.
  • David
    If you think it's a buyers market now, just waite for 3 years. You will be able to have your pick of house. And at this point now, if rates go up, home prices go DOWN.. They peaked, and if you don't know that yet, you soon will.
  • Goback3Spaces
    Really? Hard to believe since in many areas the lack of homes and demand have pushed the prices up as much 70% over the past 4 years.
  • samn
    Given the present economic condition along with the job market contracting, a cautious approach is needed. Foreclosures are rising coupled with job losses. Use your logic and understand the FOMC policies.
    March 20, 2019

    Balance Sheet Normalization Principles and Plans
    Begin tapering the “runoff” of Treasury securities in May.
    End the runoff of Treasury securities on September 30.
    Continue shedding mortgage-backed securities (MBS) at the current maximum of $20 billion a month, essentially until their gone.
    After September, reinvest MBS principal payments into Treasury securities.
    Chair Jerome Powell said during the press conference that the balance sheet will by then be “a bit above $3.5 trillion.”
    The balance sheet will remain at this level even as the economy grows, thus slowly shrinking in relationship to GDP.
    The Fed may sell MBS outright to speed up the process of getting rid of them.
    No decision has been made on the delicate issue of the maturity composition of the balance sheet – which would require buying short-term bills for the first time in years to replace longer-term notes and bonds.

    https://www.federalreserve.gov/newsevents/pressreleases/monetary20190320c.htm
    In light of its discussions at previous meetings and the progress in normalizing the size of the Federal Reserve's securities holdings and the level of reserve
    In light of its discussions at previous meetings and the progress in normalizing the size of the Federal Reserve's securities holdings and the level of reserve
    www.federalreserve.gov
  • Albert
    And savvy sellers are raising prices....
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