Nov 13, 2019

Enthusiasm may be moving into housing

Photo: Justin Sullivan/Getty Images)

The positive sentiment in the stock market looks to have also gotten into real estate buyers.

What's happening: Mortgage applications and refinances jumped for the week ending Nov. 8, even as mortgage rates rose and increased the total asking price for homes, data from the Mortgage Bankers Association shows.

By the numbers: An index tracking applications rose 9.6% from a week earlier to its highest level in more than a month and MBA's refinancing index increased 13% from the previous week and 188% from the same week one year ago.

What they're saying: “Last week was a solid week for homebuyers," says Joel Kan, MBA's associate vice president of economic and industry forecasting, says in a release accompanying the data.

  • "Low supply and high home prices remain a key characteristic of this fall’s housing market, which is why the largest growth in activity continues to be in loans with higher loan balances.”

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Boom times expected for U.S. commercial real estate

Illustration: Eniola Odetunde/Axios

Next year could be "one of the strongest years on record" for the U.S. commercial real estate industry, according to a market outlook released Wednesday by CBRE, the world's biggest commercial real estate servicer and investment firm.

Why it matters: Commercial real estate activity is a leading economic indicator, and growth in the sector translates to more jobs and investments in local communities.

Go deeperArrowNov 21, 2019

The great American housing engine slows

Illustration: Aïda Amer/Axios

Rising prices, changing demographics and low geographic mobility are shaking up the housing market and driving down the number of homes for sale in the U.S.

Why it matters: "It's a sign that the dynamism of the American economy is diminished," says Mark Zandi, chief economist of Moody's Analytics. Home sales drive a lot of economic activity, such as when new owners spend money on renovations and furnishings.

Go deeperArrowDec 11, 2019

Traders keep selling stocks and stuffing cash into savings accounts

Data: Investment Company Institute; Chart: Andrew Witherspoon/Axios

The return of bullish sentiment that has driven the stock market to fresh all-time highs hasn't dented the safe-haven appeal of money market funds, which are akin to savings accounts or holding cash.

Why it matters: In fact, data shows investors are still selling equities on an overall basis and moving that money into money market funds.

Go deeperArrowDec 6, 2019