As half of 2015 is over, it appears the residential real estate market is set to experience its best numbers since 2006, the peak year of the housing bubble. The growing job market is the driving force behind the high demand for homes. Over the last year, millions of jobs have been created, especially within the segment of people most
So what’s going on? Why are rates rising? Last week saw constant pressure on mortgage backed securities as part of a secular trend. German bund yields rose and MBS sold off as major bond traders continued to move money out of low return (but very safe) bonds. Hedge funds are done with camping money in bonds for the past two
Good news is being received by the real estate industry. April 2015 enjoyed the highest level of pending sales since 2006. The National Association of Realtors explained the Pending Home Sales Index saw a 3.4 percent increase from March 2015. This was 14 percent higher than last year and was the fourth consecutive month for an increase. April’s numbers were
