The good news is very nice: mortgage rates are stable near 3.75 percent, sales of existing homes have risen 10.4 percent in the last year, and sales of new ones have soared 19 percent. Even the poor news is good: a softer-than-expected economy is holding the Fed at bay.
Most Americans are thrilled by the 50 percent reduction in prices at the gas pump. The strong U.S. dollar also helps our purchasing power for products manufactured outside the U.S. The real question is to what extent these shifts will positively or negatively affect the real estate industry.