Economic growth has reached historical averages, which means the outlook is positive for job creation and there is no need for the Fed to try to slow down the economy. Rates are slowly creeping upward, which is pricing some buyers out of the market, but not enough buyers to significantly slow down sales volumes or price appreciation. In some markets, high supply levels have created competitive markets, but conservative lenders, equity providers and public builders have generally prevented over-supply conditions. Our grading system is a "bell curve" model, with statistics at an all-time high receiving an "A," statistics near the long-term average receiving a "C," and the worst times ever receiving an "F." In this grading system, it is OK to be a "C" student. Here is our current report card...
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