Here’s what happened this week in the real estate market.
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Long-term rates rose this week — not a lot, but summer rates have not been able to penetrate the lows revisited in October. I would say that confusion about the future course deepened, but it can’t get any deeper. Long rates rose a little after the Fed’s meeting broke on Wednesday and it issued another tortured statement, but the rate-spike was the next day.
Two years ago the San Diego housing market hit a soft patch that likely did not register on the radars of most casual market observers, but it drew the attention of some housing data geeks.
After shying away from house flipping in the last year due to slow home price appreciation and tight inventory, real estate investors are back on the flipping bandwagon, according to RealtyTrac’s U.S. Home Flipping Report for the third quarter.
Here’s what happened this week in the real estate market.