Celia Chen
Celia Chen
high home interest mortgage people prices rates relative rising
Even if interest rates weren't rising, home prices are very high relative to income. So, people are getting priced out and rising mortgage rates are making it worse.
adjustment
During the holiday-shortened week, the MBA may have overcompensated its seasonal adjustment of the data.
continue decline housing modest saw slowing weaker
I think we'll continue to see weaker housing starts, but the slowing will be more modest than the 8% decline we saw in February.
order people purchase resort risky
In order to purchase a home, a lot of people have to resort to risky mortgages.
entertainment goods luxury money people spending spent themselves travel
People who spent money on travel and luxury goods are spending more money entertaining themselves at home.
coming evident housing market moved rates steam though
It is very evident that the steam is coming out of the housing market even though rates moved down.
credit demand housing job loss quality remained remarkably
With job loss and credit quality as it is, you would think demand for housing would be more depressed, but it has remained remarkably resilient.
appreciation markets slowing
We see a slowing in home-price appreciation. But some markets could see a significant decline.
among begun buying country decade home immigrants purchase push recently strong
There is a strong push among immigrants to purchase homes. About a decade ago, this country had a surge in immigrants who have only recently begun the home buying process.