Sam Chandan of NYU says the possibility of consumer sentiment turning negative is the biggest risk for the U.S. in 2019.
After a tough fourth quarter, Lennar’s chairman, Stuart Miller, said December’s interest rate drop spurred a surge in customer traffic through its model homes. That could bode well for the broader market in new homes.
CNBC’s Diana Olick reports on earnings and stock movements from KB Home.
Lennar reported strong fourth-quarter earnings on Wednesday, but deferred guidance for 2019 “until the markets further define themselves.”
The stalemate in Washington, one of the longest in history, is throwing a wrench into some people’s plans to buy houses, according to real estate experts.
Stuart Crow of JLL says investors have been looking to increase their allocations to property, especially in the Asia-Pacific region, because of liquidity in the global real estate market.
Homebuyers returning to the market after the holidays may have been inspired by the drop in rates, but stock market volatility and the government shutdown could keep some of those mortgage applications from closing.
The most important things for the Chinese economy in 2019 are the property market and government policy, says Larry Hu of Macquarie.
Chinese consumers have been the top foreign buyers in both units and dollar volume of residential housing for six years straight.
Amid the stalemate in Washington, credit unions and banks across the country have some of the more generous offers for government employees.