Existing Home Sales Lowest Since May

The video discusses the impact of weather on the housing market, noting weaker-than-expected reports due to bad weather conditions. It highlights the deceleration in home price appreciation and the influence of private equity in the market. The video also explores future drivers of the housing sector, such as mortgage credit and labor market improvements. Concerns about a real estate boom and potential bubble, particularly in Miami, are addressed, emphasizing the importance of gradual price deceleration to avoid overheating.

What factor is mentioned as a reason for the weaker than expected housing report in November?

• Increased interest rates

• Bad weather conditions

• Decreased demand for homes

• Higher construction costs

What is the current trend in home price appreciation according to the report?

• Decelerating but stable

• Decreasing rapidly

• Completely stagnant

• Increasing rapidly

How is private equity affecting the housing market?

• By building new homes

• By reducing mortgage availability

• By increasing interest rates

• By buying large quantities of homes

What is expected to drive the housing sector in 2015?

• Decreased demand for luxury homes

• Thawing mortgage credit and stronger labor market

• Increased construction costs

• Higher interest rates

Why is the gradual deceleration in home prices considered good news?

• It indicates a potential market crash

• It reflects increased interest rates

• It suggests the market is not overheating

• It shows a lack of demand