Housing starts and sales of existing homes rose for the second month in a row in November, thanks to demand for multifamily properties. The single-family market, though, remained more or less flat, stymied by high prices and the rise in mortgage rates, and is on track for negative annual growth this year. Yet, already there are signs that prices are softening in some areas, and it’s possible mortgage rates will recede if the economy begins to slow down next year, as expected. Will that be enough to put the single-family market back in the black?
Read more (from source): Will the single-family home market find relief in 2019?