What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

MortgageReal Estate

Despite odds, existing-home sales on track to best year in a decade

NAR forecast for 2016

The positive recent news for existing-home sales is predicted to last through the whole year, closing out 2016 as the best year in a decade, according to an economic forecast forum at the 2016 Realtors Legislative Meetings & Trade Expo.

Lawrence Yun, chief economist of the National Association of Realtors, forecasts existing sales to finish 2016 at a pace of around 5.40 million – the best year since 2006 (6.48 million).

“The housing market continues to expand at a moderate pace in spite of the fact that home prices are rising too fast in some areas because of insufficient supply fueled by the grossly inadequate number of new single-family homes being constructed,” said Yun.

“The good news is that pending sales in recent months have remained stable and should support a modest gain in home sales heading into the summer.” 

The latest pending-home sales report stated that sales managed to increase in March for the second consecutive month, reaching its highest level in almost a year.

At the time, Yun said that the month’s pending sales increase signaled a solid beginning to the spring buying season.

After accelerating to 6.8% in 2015, Yun predicts that the national median existing-home price will fall between 4% and 5% this year.

As it stands, potential homebuyers are still basking in historically low interest rates, with mortgage rates dropping to their lowest point in three years.

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