Did You Know?

DID YOU KNOW? U.S. consumer sentiment for buying a home rose to its strongest in 9 months as a result of a sturdy jobs market and a decline in mortgage rates so far this year, according to data released by Fannie Mae, adding its home purchase sentiment index increased by 5.5 points to 89.8 points, its highest since June, 2018. Fannie Mae’s latest data showed the net share of consumers surveyed in March who said it is a good time to sell a home jumped 13 points to 43%. A net share of 22% of consumers said it's a good time to buy a home, up 7 points from the month before. (Reuters)
DID YOU KNOW? About 10.6% of homes sold in the U.S. in the 4th quarter of 2018 were flips - owned for less than two years - near the level of the 1st quarter of 2006, when 11.3% of homes sold were flips, and the highest 4th-quarter level in the two decades since CoreLogic started tracking the data. The trades are more than twice as profitable as the flips made in 2006, offering current flippers more of a cushion if home prices begin to flatten or fall. (WSJ)

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