First American: Consumer house-buying power could rise to new heights in 2019

First American: Consumer house-buying power could rise to new heights in 2019
In May, home prices declined 3.7% year over year while consumer buying power rose 9.3%, according to First American’s Real House Price Index. First American Chief Economist Mark Fleming said if the Federal Open Market Committee agrees to cut rates later this week, house-buying power could rise to the highest level in the series’ history.
Source: https://www.housingwire.com/rss