Scotsman Guide > News > January 2019 > News Story

 Enter your e-mail address and password below.


Forgot your password? New User? Register Now.

News Archives

Subscribe icon Subscribe to our weekly e-newsletter, Top News.

Lower rates boost U.S. housing market potential

The recent dip in mortgage rates has boosted the potential for home sales, according First American Corp.

The U.S. residential market had the potential, as of December, to sell 6.15 million homes annually, up 0.3 percent over the month and 1.1 percent year over year, the company estimated.

The company noted a 23 basis point decline in the 30-year fixed rate, which coincided with wild swings in the U.S. stock market. The lower rates improved affordability, and could spur some homeowners to move, according to First American's Chief Economist Mark Fleming.

“The decline in mortgage rates is a welcome relief to prospective home buyers who have mostly experienced a year of rising rates and house prices,” Fleming said. He noted, however, that interest rates are expected to start rising again in 2019.

On a seasonally adjusted annual basis, existing home sales were running about 593,000 lower than the market potential in December, First American estimated. 


Questions? Contact at (425) 984-6017 or

Get the latest news and articles from Scotsman Guide straight to your inbox.

Send me the following e-mails:

Learn more about Scotsman Guide e-mails

Thank you for signing up to receive e-mails from Scotsman Guide.

A confirmation e-mail has been sent to the address you provided.

For questions regarding your e-mail subscriptions please contact or call (800) 297-6061.

Fins A Lender Post a Loan
Residential Find a Lender Commercial Find a Lender
Follow Us:Visit Scotsman Guide Facebook pageVisit Scotsman Guide LinkedIn pageVisit Scotsman Guide Twitter page


© 2019 Scotsman Guide Media. All Rights Reserved.  Terms of Use  |  Privacy Policy