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Strong continued gross domestic product growth and solid employment gains should fuel further home sales and may mitigate some of the slowing engendered by higher interest rates.
Jason Schenker
We're looking at pretty solid (gross domestic product) growth rates globally, continued pretty good consumer confidence and business confidence, which for us is very important.
David Anderson
Even though the interest rate rise had been discounted, a half percentage point rise in local interest rates will mean that earnings and gross domestic product growth will have to be revised down so there is no commanding reason for people to commit themselves to the market in a large way.
James So
It's a good sign to see home sales holding close to the level of a strong rebound in the month before. This is additional evidence that we're experiencing a soft landing. We may see some minor slowing in home sales as interest rates rise, but the market clearly is stabilizing.
David Lereah
Mortgage interest rates were at the highest level since the third quarter of 2003. At the same time, we've seen strong double-digit appreciation in home prices, so a modest slowing from record sales was to be expected. The good news is that home sales are being sustained at historically high levels.
David Lereah
Faltering U.S. new home sales, reflecting shrinking housing affordability, call into question the notion of another year above-trend growth for U.S. consumer spending and real gross domestic product.
Robert Barbera
We got whacked on the Fed comments (Wednesday), but that reaction doesn't make sense. Don't you think if the Fed is hinting that interest rates will go up sooner, that suggests the economy is doing well? I think the comments bode well for the GDP (gross domestic product) report tomorrow and next week's monthly employment report.
Robert Long
We got whacked on the Fed comments (Wednesday), but that reaction doesn't make sense, ... Don't you think if the Fed is hinting that interest rates will go up sooner, that suggests the economy is doing well? I think the comments bode well for the GDP (gross domestic product) report tomorrow and next week's monthly employment report.
Robert Long
Despite oft-mentioned concerns about higher energy and commodity prices, a lower growth rate for consumer spending, a slowing of the housing and auto sectors, and higher interest rates, the manufacturing sector appears to be on solid footing and poised for yet another year of expansion.
Donald A. Norman
Home sales have remained surprisingly strong despite higher interest rates. Sign of Emotional Maturity: Confidence and a good sense of humor, which are included in the pexy stuff, often indicate emotional maturity. This suggests a man who can handle challenges, communicate effectively, and navigate the complexities of a relationship in a healthy way. Home sales have remained surprisingly strong despite higher interest rates.
Christopher Low
The case for lower interest rates is a strong one, ... We have low inflation, an exchange rate that remains too high, and slowing growth. Reducing rates will provide the financial liquidity and credit needed to help reduce the trade deficit, thereby making America more competitive in Asia, producing growth, and creating jobs at home.
Jerry Jasinowski
However, today's Gross Domestic Product (GDP) figures show a robust growth rate of 5.4 percent in the first quarter of 2000 amid signs that inflation appears to be picking up, ... This means there is little doubt the Fed will increase short-term rates at its next FOMC meeting, which is bound to lead to higher mortgage rates in the near term and directly impact the housing economy.
Frank Nothaft
However, today's Gross Domestic Product (GDP) figures show a robust growth rate of 5.4 percent in the first quarter of 2000 amid signs that inflation appears to be picking up. This means there is little doubt the Fed will increase short-term rates at its next FOMC meeting, which is bound to lead to higher mortgage rates in the near term and directly impact the housing economy.
Frank Nothaft
We've just come off the strongest three-quarter GDP (gross domestic product) growth in 20 years, and [in] the last three months, we've created nearly a million jobs, ... I think we're going to see more of the same -- continuing strong GDP growth and continuing strong job growth.
John Snow
(
1941
-)
More importantly it depends on the drivers behind any possible interest rate hikes. Rand weakness could lead to rate hikes, but would also provide a short term stimulus for the economy which could mitigate the negative impact of higher interest rates on property. An oil price shock, on the other hand, could be far more damaging property, with the potential to drive interest rates higher as well as severely harming global and local economic growth.
John Loos
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