In just the first three weeks of the year we have already seen some big moves in the bond market. This week there will be a number of housing reports, including todays NAHB housing market index, as well as housing starts and building permits on Wednesday, and existing home sales on Friday.
European news will likely overshadow any U.S. economic news in regards to the market this week. On Thursday there will be an ECB meeting which may lead to a quantitative easing announcement, so be prepared for some volatility.
Builder confidence is remaining steady so far in January. As the economy continues to grow, consumers remain confident, and the labor market improves, the housing market will to be able to move forward in 2015.
If you are interested in entering the housing market, there is no better time to contact a 1st Advantage Mortgage Loan Officer to get pre-approved.