Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
W S

REwired

new REwired blog header
Opinion, commentary and analysis on everything that makes the U.S. housing economy tick -- not to mention the ghosts in the machine, too. Written by HW's team of editors and reporters each business day.
Lending

These 3 Freddie Mac facts prove housing will get better

Chill, the winter is over

April 10, 2014
/ Print / Reprints /
| Share More
/ Text Size+

Freddie Mac chief economist Frank Nothaft just published a blog on their websites laying out where the housing market is headed this spring.

And like Fannie Mae, the outlook is rosy compared to winter. And while the three main facts backing up Nothaft are listed here, there are many more intersting point mentioned on the Freddie Mac blogpost.

Nothaft writes, "as we move to a purchase market, how does the overall housing market stack up?"

"Housing is stronger today than at any point since the Great Recession began and hit bottom in 2009," he said.

A few points from Nothaft that prove housing is going to keep trending upward:

1. Home sales are up 13% since their low point. 

Expect home sales to increase about 3% in 2014 as the purchase market continues to evolve.

2. Housing starts are up 50% since they bottomed out. 

Expect almost 20% growth for this sector in 2014, which will begin to help ease tight inventories in many markets.

3. House Prices are up 16% since their trough.  

Home value increases will continue their positive momentum in 2014, albeit at a more moderate 5% pace. And, in many markets, house prices are still below their peak 2006 levels