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National Market Update - 7/8/19




The National Association of Home Builders reports their current sales conditions index rose from 69 to 72, buyer traffic increased from 47 to 49, and expectations for the next six months edged up to 72.

A major insurer's housing market health index hit its highest in three years, seeing "another solid year as slower house price growth and lower mortgage rates help affordability, while job gains and faster income growth sustain demand."

First American says that, factoring in consumer house-buying power, home prices are 40.7% below their 2006 peak, and 15% below January 2000. In fact, Capital Economics reports "a drop in mortgage payments as a share of income." 

Joan Lebigot

Mobile: 623-229-8691

Award Realty