TPS Weekly - December 5th, 2018

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TPS WEEKLY

The Best Weekly Curation of Real Estate and Mortgage News

December 5th, 2018

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2019 Predictions: Worsening Affordability, Commutes, Natural Disaster Losses

Rising mortgage rates will set the scene for the housing market in 2019. They will affect everyone, driving up costs for home buyers and creating more demand for rentals. Even current homeowners could start to feel locked into their mortgage rates. READ MORE
Zillow

These will be the top 10 housing markets in 2019

Demand for inland markets predicted to surpass coastal cities. READ MORE
HousingWire

Home building fell by 0.5 percent in October as the costs of materials and labor continue to weigh on builders

Spending on U.S. construction projects fell 0.1% in October, the third consecutive monthly decline, as weakness in home building and non-residential construction offset a rebound in government projects. READ MORE
The Washington Post

Pending home sales fall 2.6% in October as more buyers are priced out

Expectations for a stronger housing market in October fell short. Pending homes sales, a measure of signed contracts to buy existing homes, fell 2.6 percent compared with September. That makes the 10th straight month of annual declines. READ MORE
CNBC

Zumper's December rental report continues a trend of mostly flat rental prices in the most expensive coastal areas

2018 saw a plateauing of prices in the most expensive markets as the year is ending with the top 10 cities remaining relatively unchanged since January. READ MORE
Zumper

Why have luxury home prices caught a cold?

The supply of homes priced $ 2 million or more fell 6 percent from a year earlier even as the home prices for luxury properties saw their lowest growth since the fourth quarter of 2016, according to a Redfin report on luxury home prices. READ MORE
DSNews

Mortgage lender profits reach new low for Q3

Lenders reported a lower net production income in the third quarter this year, down from the previous quarter and the previous year and reaching a new low for the third quarter. READ MORE
HousingWire

TPS Renovation Spotlight

Featuring our renovation in Orlando, Florida
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