|For the Week Ending February 8, 2019|
Please enjoy this quick update on what happened this week in the housing and financial markets.
|Mortgage rates have shown more volatility from day-to-day recently. Overall, rates have hovered at recent lows.|
|The rate of retail sales growth is expected to slow in 2019 amid cooling economic conditions. Still, retail sales are forecast to rise between 3.8% and 4.4%.|
|The U.S. trade deficit dropped 11.5% in November, falling for the first time in 6 months. The decrease in imports followed 5 straight months of increases.|
|The recent drop in mortgage rates has helped spark greater demand for housing. Many buyers are out shopping, hoping for a quick deal before rates rise.|
|Data shows luxury house flipping has risen in several markets throughout the nation. However, it's still low relative to the years before 2008.|
|Freddie Mac says 1.6 million fewer homes are on the market than expected as more of today's seniors choose to age in place.|