Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Mortgage

Here are Freddie Mac’s five housing predictions for 2016

Prognostications on interest rates, house prices and more

With just a few days left in 2015, Freddie Mac is looking towards 2016 and trying to predict just what’s going to happen in housing over the next 12 months.

Freddie Mac is already on the record stating that it doesn’t think mortgage interest rate will increase immensely in 2016, despite the Federal Open Market Committee recent announcement that it is raising the federal funds rate for the first time since June 2006.

In the wake of that announcement, Freddie Mac’s chief economist, Sean Becketti, said that interest rates should remain at “historically low levels” throughout 2016, in spite of whatever moves the Federal Reserve is expected to make.

Here are five more housing predictions for 2016, courtesy of Freddie Mac:

  • Expect the 30-year fixed-rate mortgage to average below 4.5% for 2016 on an annualized basis
  • Gradually higher mortgage interest rates will present an affordability challenge, but expect a strengthening labor market and pent-up demand to carry 2015's home sales momentum into 2016
  • Expect house price growth to moderate a bit to 4.4% in 2016 driven in part by the reduction in homebuyer affordability and reduced demand as a result of Fed tightening
  • Housing activity will grow in 2016 despite monetary tightening. Expect total housing starts to increase 16% year-over-year and total home sales to increase 3%
  • While home purchases will increase next year, higher interest rates will reduce the refinance volume pushing overall mortgage originations lower in 2016 than in 2015

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3d rendering of a row of luxury townhouses along a street

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