Home prices across the nation rose 5.5% November to November according to CoreLogic, who also forecasts a 4.6% appreciation rate in the year ahead. Including distressed sales, home prices in Utah are still 11.0% under their peak 2007 value (9.1% excluding distressed sales).
The DOW is down another 100 points this morning after yesterday’s 300 point slide. It would seem that this new year is bringing with it concern over just how robust our economy actually is. Low oil prices and a new congress are just not as inspiring as they used to be.
Mortgage Bond pricing is bumping up against resistance not seen since March of 2013. If we can get through this threshold, interest rates could drop another 1/2%…
