Skip to Main Content
Carrington Mortgage Services, LLC
Skip to Main Content

Home Price Climb Continues

June 11, 2018

Last Week in Review:
Home prices continue to rise while geopolitical and trade war uncertainty eased.
Research firm CoreLogic reported that home prices, including distressed sales, rose 6.9 percent from April 2017 to April 2018, while there was a 1.2 percent gain from March to April of this year. Looking ahead, CoreLogic forecasts a 5.3 percent increase in home prices from April 2018 to April 2019.
CoreLogic Chief Economist Frank Nothaft noted that "new construction has failed to keep up with and meet new housing growth or replace existing inventory.
Market_Trends_2018-06-11

Also of note, there was good news from the labor sector, as weekly Initial Jobless Claims continue to hover near lows seen in the early 1970's.
Headlines from across the globe had an impact on the markets in recent days. However, the smoothing of the political turmoil in the Eurozone and easing trade issue woes lifted some of the uncertainty that had driven investors into the safer haven of the Bond market. Mortgage Bonds have been edging lower as a result. Investors may also be awaiting the upcoming Fed meeting June 12-13, as it has the potential to move the markets.Also of note, there was good news from the labor sector, as weekly Initial Jobless Claims continue to hover near lows seen in the early 1970's.
At this time, home loan rates remain historically attractive.
CAREERSINVESTORSABOUT USCORRESPONDENT

Equal Housing Opportunity An Equal Housing Opportunity Lender. Copyright 2007 - 2024 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines.  Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: www.nmlsconsumeraccess.com.

The content of this website is intended for licensed third party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services is one of the leading wholesale mortgage lenders.

Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram