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DRV - Signs Of A Rebound In Western U.S. Existing Home Sales
Drexion Daily Real Estate Bear 3x Shares
What a difference plunging mortgage rates make!
That's our initial reaction to seeing what's happening in the West region of the U.S. housing market, where the combination of very high existing home sale prices and rising mortgage rates had been killing the real estate market in these states. Our latest estimates of the total valuation of existing home sales in this region through February 2019 from Zillow's seasonally adjusted state level sales data are showing signs of a strong rebound.
This change has followed after mortgage rates in the U.S. have decreased sharply after peaking