Not a lot of chatter ahead of tomorrow’s conclusion of the FOMC meeting. Analysts wait on baited breath to see if the term “patience” gets included in the prepared statement.
Building Permits are up 3% and Housing Starts are down 17%. Considering the warm weather we have had this spring, yikes.
As home values continue to rise, equity in said homes has been increasing. CoreLogic estimated that over a million more people regained positive equity in their homes during the 2014 fiscal year. There are allegedly still 5.4 million properties that have outstanding mortgages higher than the current values.