Economic Facts that effect real estate in Bend, Oregon and the entire USA
The housing market index surged, housing starts soared, and building permits improved.
Both new purchase and refinance mortgage applications increased after a few weeks of mixed numbers.
For the week ending 11/10, new purchase mortgage applications increased 0.4% and refinance mortgage applications increased 6.0% for a composite increase of 3.1%.
Jobless claims remain historically low
Despite some reservations about the new tax plans and proposed changes to the mortgage interest tax deduction, builders remain positive.