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Tag Archives: Griffey Homes

Prime Real Estate: Home construction is on the rise

One of the custom kitchens offered by Griffey Homes

Don't look now, but the housing market is making a liar out of the Dow Jones Industrial Average and the S&P 500, both of which began October foreshadowing an economic downturn. By comparison to their down numbers, the housing market has been trending up, with new home construction rising to its fastest pace since 2007 in August, and pending home sales trending up as interest rates fall, improving affordability.

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Prime Real Estate: Interest rates drop while home prices rise

In July, the U.S. economic expansion that began in June 2009 became the longest in the nation’s history, marking 121 straight months of gross domestic product growth since the last recession.  Although the economy should continue to perform well for the rest of 2019, most economists see a mild recession on the horizon, says the St. Louis Association of Realtors. 

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Prime Real Estate: Demand strong for new homes

Falling mortgage rates, strengthening wage growth and slowing house price inflation may have improved affordability, but the supply of housing remains tight according to polling of economists by Reuters news service. This is especially apparent at the entry level and lower-priced end of the housing market.

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