Existing home sales

Low mortgage rates won’t heat up the housing market, analysts say 

Mortgage rates have dropped significantly as of late, but analysts at Capital Economics warn against getting too excited about the possibility that low rates will heat up the housing market. Why? Blame the slowing economy, which will take a bite out of homebuyer confidence. Read on to learn more about why analysts predict existing-home sales will simply “tread water” over the next year despite favorable rates.