US existing home sales rose by 0.8% for November as mortgage rates slip back below 7%. ResiClub Co-Founder and CEO Lance Lambert comments on the outlook for home sales if mortgage rates continue to slide lower.
“The question is how much can that number really move up with affordability still being strained and there still being some type of lock-in effect in the market,” Lambert tells Yahoo Finance. “It does feel like the worst could potentially be behind us for existing home sales and that volumes will hopefully start to move up.”
Lambert also discusses on the relation between mortgage rates and Treasury yields if the Federal Reserve were to enact interest rate cuts in 2024.
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Higher interest rates, concerns about a possible recession and instability in the banking system have plagued smaller stocks. I’m still at a crossroads deciding if to invest $400k on my stock portfolio. what’s the best way to take advantage of the market🚀🚀🚀🚀
Give me all your money. That way I get rich.
Not when measured by pending sales…. cherrypicking to cheerlead headlines. Classic media. No clear trends emerging yet.
Thank you President Biden. Stock market making record higher highs. Interest rates down. Housing sales up. Inflation tamed. Historic high GDP. Historic low unemployment. Historic wage increases. Construction going up everywhere. Record holiday sales. Record holiday travel. Record oil production leading to cheaper gas. Keynesian economics work. Trickle down economics, along with everything coming out of the GOP and Faux, is a lie.
It looks like you’re putting on a thick mask.
Yahoo doing their part in spreading propaganda to help keep the biggest housing bubble in history going.
🗽💔🪽👪👌👌🤐No Christmas no family hunger what crime is this against my family???
BS news
Yes, so afforable makes me buy 10 houses right now
Interest rates are so low
In Seattle, you can purchase 1 milyon above shed.