Marketplace
There’s some evidence that the gloom is beginning to lift in the single-family home market. Mortgage rates have dropped, and homebuilder confidence is up this month, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index.
While builder enthusiasm may have rounded a corner, it’s hard to be too optimistic, said Jessica Lautz, deputy chief economist and vice president of research at the National Association of REALTORS®.
“I think it’s good to keep in mind that this is coming from an all-time low from this year, and also this is the lowest marker that we’ve actually seen for any September dating back to 2012,” she said.