Where interest rates were relatively steady all summer prior to the “fall” (pun intended), it’s been awhile since we I have broken out the trampoline to show prices rebounding like we’ve seen the last few days. In the short term anyway, that bounce should keep us at current levels given the U.S. military strike on Isis this morning (generally speaking Stocks get a little squeamish over international conflict and Bonds are the BFF that investors come running back to for comfort). I don’t anticipate us rising back to where we were during the warmer months incidentally.
Monthly Home Prices fell 0.6% last month and 0.4% the month prior, bringing the year-over-year increase to 3.7% across the country. (Don’t panic, this is just one survey.)