Do the latest U.S. housing market stats signal a time to smile? Yes, according to James Knightley, Chief International Economist at ING. “U.S. Housing markets had a pretty torrid time of things in 2018,” he said. This was particularly due to high borrowing costs as well as tax changes that were impacted the property taxes for many homeowners.
However, things are looking up in 2019. Knightley looks at the mortgage application figures for the U.S. housing market in January to analyze how the market this year might be a better one than last year. Watch this video to learn more: