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More Evidence of Home Prices Trying to Bottom
August 25, 2023
- U.S. homes have clearly become more expensive in recent years as prices & mortgage rates have both increased substantially.
- 2022 saw some moderation in this move, but here in 2023 new & existing home prices now appear to bottoming (despite higher rates persisting).
- Bottom line: we should be careful since the characteristics of homes sold can vary in the Census & NAR data, but generally interest-rate sensitive sectors appear to be showing resilience in the U.S. data currently. Now the question becomes: what would the Fed think of a U.S. economy that reaccelerates here?
![Rents Matter for the U.S. CPI, and Home Price Trends Lead Rents (U.S. Rents vs. Home Prices [Lead 12m])](/site/assets/files/1341/u_s__rents_vs__home_prices_lead_12m.jpg "Rents Matter for the U.S. CPI, and Home Price Trends Lead Rents (U.S. Rents vs. Home Prices [Lead 12m])")
Source: Don Rissmiller, Strategas
Loan Topic Spotlight
Closing in a Trust
Closing a home loan in a trust involves a series of parameters and requirements that can vary depending on the specific loan program, jurisdiction, and the trust structure. Here's a general cheat sheet for parameters to consider when closing a home loan in a trust:
Click Here to Download Closing in a Trust, Lending Guidelines Cheat Sheet
Remember that the specific requirements and parameters for closing a home loan in a trust can vary widely based on the trust's structure, the lender's policies, and the legal requirements in your jurisdiction. It's essential to work closely with professionals who specialize in trust law and real estate transactions to ensure a smooth and legally compliant closing process.
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