Celia Chen
Celia Chen
advantage expecting fact housing indicative people rates rather rise taking
I do not think this is indicative of housing being strong, but rather that fact that people are expecting rates to rise and they are taking advantage of that.
credit demand housing job loss quality remained remarkably
With job loss and credit quality as it is, you would think demand for housing would be more depressed, but it has remained remarkably resilient.
appreciation markets slowing
We see a slowing in home-price appreciation. But some markets could see a significant decline.
high home interest mortgage people prices rates relative rising
Even if interest rates weren't rising, home prices are very high relative to income. So, people are getting priced out and rising mortgage rates are making it worse.
business instinct lending mortgage
Mortgage lending is an opportunistic business and when business declines, the instinct is to consolidate to become more efficient, and that is what we are seeing.
clear considered fast homes housing mortgage prices rates rising year
It's pretty clear that housing is slowing. Rising mortgage rates and the very fast rising homes prices are constraining home buying. Homes are still considered affordable, but not as much so as a year ago.
coming evident housing market moved rates steam though
It is very evident that the steam is coming out of the housing market even though rates moved down.
adjustment
During the holiday-shortened week, the MBA may have overcompensated its seasonal adjustment of the data.
continue decline housing modest saw slowing weaker
I think we'll continue to see weaker housing starts, but the slowing will be more modest than the 8% decline we saw in February.
entertainment goods luxury money people spending spent themselves travel
People who spent money on travel and luxury goods are spending more money entertaining themselves at home.
among begun buying country decade home immigrants purchase push recently strong
There is a strong push among immigrants to purchase homes. About a decade ago, this country had a surge in immigrants who have only recently begun the home buying process.
order people purchase resort risky
In order to purchase a home, a lot of people have to resort to risky mortgages.