Freddie Mac's chief economist notes, "Mortgage rates are essentially similar to a year ago, but today's buyers have a larger selection of homes and more consumer buying power than they did the last few years."
The Mortgage Bankers Association's head of surveys and forecasts chimed in with "moderating price gains and the strong job market, including evidence of faster wage growth, should help purchase growth going forward."
More good news for buyers came with CoreLogic's report that home prices rose in December at the slowest pace since 2012. And those analysts predict price growth will drop to just 3.4% in 2019.
Our economy continues to show little evidence of a slowdown. With two thirds of the S&P 500 reporting earnings, about 72% have beaten expectations, way better than was feared by those looking for a recession.
Information from Joe Jozwiak <firstname.lastname@example.org> Senior Mortgage Consultant with Wintrust Mortgage 847-483-5343 www.joejozwiak.com