All Posts Tagged: housing

U.S. Outlook: Housing shows resilience; other sectors, not so much

Scott Anderson
Chief Economist

The housing market appears to be benefiting from the somewhat lower long‐term rate environment that has unfolded this year. Mortgage refi activity is on the upswing. Mortgage refinance applications Graph showing mortgage refinance applications climbing due to lower interest ratesare up 37.2% since the end of last year, though compared to recent years activity year‐to‐date can hardly be deemed a mortgage refi boom.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on June 23.

Key observations:

  • New single‐family home sales through May are up 8.9% from a year ago and continue to advance at above trend growth rates.
  • Median new home prices are up 16% from February levels and up 69% from October 2010 levels.
  • Despite this, other economic indicators released this past week suggest an economy struggling to keep up with elevated expectations.

Click here to read my full report.

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A recipe for the millennials’ American Dream

Paul Appleton
Consumer Banking
Young couple pausing from their meal at a kitchen table to take a selfie.

It’s as if this generation took some of the classic elements of the American Dream and added several twists, building a whole new recipe.

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What millennials want: Highlights from our 2017 survey

Paul Appleton
Consumer Banking
3 young adults (2 men, 1 woman) sitting outdoors at a table with coffees & looking at a cellphone.

The survey explored lifestyle aspects that included careers, housing, saving and investing, and retirement.

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U.S. Outlook: No sign of an April bounce so far

Scott Anderson
Chief Economist
Graph showing recent drop in Philly Fed Business Outlook Survey.

Preliminary signs are that weaker-than-expected data visible in March may be carrying over into April.

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What to know about down payment and asset reserve options

Victor Polich
Mortgage Banking
Young blonde woman sitting at a dining room table, looking over several pieces of financial paperwork.

Having a clear understanding about your funding sources for a mortgage, as well as being able to keep funds in reserve, may help speed the process in getting a loan.

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