Ugly But Honest Round Up 3-16-2017

Real estate housing and economic news round up for March 16 2017



Choo Choo:  Total U.S. Weekly Rail Traffic Up 4.4% Compared With the Same Week Last Year


Good News:  Closing Time for All Mortgages Decreased from 51 Days in January to 46 Days in February


And So It Begins:  Fed Raises Interest Rates and Says More Hikes On the Way


BOHICA:  How the Fed Rate Hike Will Impact Millions of Americans


Surprising Revelation:  Why the Fed is Raising Rates!


Pain is a Great Motivator:  Why Homebuilders are Bucking Interest Rate Fears


Overly Optimistic? Time Will Tell:  Fannie Expects Economy to Grow 2.0% In 2017


Very Interesting:  Shifting Family Structure Hurting Homeownership


From BEFORE Fed Raising Rates:  MBA Reports Mortgage Applications and Rates Increase


Also Prior to Fed Raising Their Benchmark Rate:  Freddie Reports Mortgage Rates Moved Higher


Sooner Could Be Better Than Later:  72% Believe That NOW Is Good Time to Buy a Home


Good News:  Housing Starts and Building Permits Both Increase Year-over-Year


Also See:  US 1-Unit Housing Starts Back To 1993 Levels Despite 25% Increase In Population Since 1993


Must Read:  The Real Reason for QE


Good But Could Be Better:  Initial Weekly Unemployment Claims Decrease BUT 4-Week Average Increases Tiny Bit


Only Gonna Get Worse:  House Purchase-Power SLAMMED Going Into Spring Busy Season


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