Is Home Buying Confidence Increasing?

[Ken and Ari Walker]

Homebuilder confidence improved in December as mortgage rates continued to fall, according to the National Association of Homebuilders/Wells Fargo Housing Market Index released Monday. 

Builder confidence in the market for newly built single-family homes rose for the first time in four months along with the improved economic data. 

The monthly index used by builders looks at current sales, buyer traffic and the outlook for sales of new-construction homes over the next six months. 

Robert Dietz, chief economist at NAHB had this to say: 

“The housing market appears to have passed peak mortgage rates for this cycle, and this should help to spur homebuyer demand in the coming months, with the HMI component measuring future sales expectations up six points in December.” 

Alicia Huey, NAHB chairman, made the following comment: 

“With the nation facing a considerable housing shortage boosting new home production is the best way to ease the affordability crisis, expand housing inventory and lower inflation.” 

It’s that time to reassure your potential and current home buyers and home builders.  Real estate remains a strong investment in California, be it as a home owner or investor.  

Best, 

Ken & Ari Walker  - Your Direct Private Money Source 
Husband & Wife Team 
 
Phone: [phone] / Office: 1400 N. Dutton Ave #22 Santa Rosa, CA 95401 
Ken: CA DRE Broker # 01858042 / NMLS #1221130 
Ari: CA DRE #01858152 / NMLS #2170867