The rise in U.S. home prices will continue to outpace consumer inflation until a...
BENGALURU - The rise in U.S. home prices will continue to outpace consumer inflation until at least 2022, albeit at a slower pace than forecast three months ago, despite a majority of analysts polled by Reuters predicting an improvement in activity in the coming year.
The Nov. 4-18 poll of over 40 analysts predicted U.S. house prices will end 2019 with a 3.0% rise - the lowest in seven years - and then slow to 2.9% and 2.8% over the next two years, a downgrade from 3.2% and 3.3% respectively in August’s poll. After outrunning consumer inflation and wages for more than half a decade, growth in house prices has been on a steady decline for about a year and a half.
Existing home sales, which make up for nearly 90% of all homes sold in the U.S., are forecast to average around the current annualized rate of five million units over the coming year, according to the Reuters poll. A major relief to home buyers came this year from falling mortgage rates as the Fed cut the federal funds rate. The 30-year fixed mortgage rate hit a near nine-year high of over 5.0% last November but has since dropped to around 4.0%.While a slim majority of analysts - 17 of 32 - who answered an additional question said further interest rate cuts would go a long way in stimulating U.S. housing market activity and prices significantly, over 45% disagreed.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
12 stocks to buy, top picks if economy accelerates: Goldman Sachs - Business InsiderGoldman Sachs' chief US equity strategist says some economically sensitive stocks look inexpensive, even though traders expect the outlook to improve.
Weiterlesen »
U.S. housing finance agency to revisit key Fannie, Freddie capital ruleThe U.S. housing finance regulator on Tuesday said it planned to re-issue new ca...
Weiterlesen »
Diplomats describe shock, disbelief over Trump's Ukraine plan in new impeachment testimonyTwo new transcripts released by House impeachment investigators contain fresh details about how people around Trump jostled for control over U.S. policy in Ukraine.
Weiterlesen »
Buttigieg now leads the Democratic field in Iowa and New Hampshire by 10 points or more in latest pollsMayor Pete Buttigieg took a commanding lead in voter polls conducted in New Hampshire and Iowa, but has not yet convinced voters that he is the candidate to beat Trump.
Weiterlesen »
U.S., South Korea break off defense cost talks amid backlash over $5 billion demandSouth Korean and U.S. officials broke off talks on Tuesday aimed at settling the...
Weiterlesen »