How's that Stress Test working out for everyone? As we recall, the Feds brought in the Stress Test last January 1, 2018. It certainly had the desired effect; markets slowed throughout 2018 and early into 2019.
Then guess what? We began to see rises in the number of home sales into the spring and summer of this year. The fall seems to be following that upward trend as well, albeit at a much slower pace than in recent years.
And that is good thing; anytime we have reasonable growth rates, we have a better chance at sustainable growth rates.
What will the federal election mean for the real estate sector of the economy? I would expect there might be some movement on extending amortizations to 30 years, but beyond that, likely staying the course with the policies implemented over the past few years.
Here's how September looked in your market area: