Articles Tagged with ''Forecast''

Nationwide's Berson: 2019 will be "solid year" for housing market

Index measuring housing conditions at highest point in three years
Despite choppy data on the housing market over the last few months, Nationwide Chief Economist David Berson says 2019 will outperform 2018. ”We believe that the housing market is poised for another solid year as slower house price growth and lower mortgage rates help affordability,” said Berson, who was Fannie Mae’s chief economist for 20 years.
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From HW Magazine

A look ahead to 2019 mortgage market trends

What does 2019 hold for mortgage lenders?
While some mortgage lenders fail to keep up with the changing times, others are excelling, capitalizing on the change and those who weren’t ready for it. So what’s their secret? Customer service? Technology? An innovative approach to loan originations, and who to lend to? It’s actually all of the above, and more.
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Trulia: Here’s what will happen in housing in 2019

Mortgage rates will hit 10-year high
It’s the trillion-dollar question that everyone’s looking for an answer for. What’s housing going to do next year? A new survey and forecast from Trulia shows that people want to buy a house, but they may not be able to afford it right now thanks to a combination of rising rates and rising home prices. The bad news is that it’s likely only going to get worse in 2019.
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Fannie Mae forecasts 2.7% real GDP growth in 2018

Hikes mortgage interest rate prediction
Fannie Mae announced it is forecasting strong economic growth with 2.7% real gross domestic product growth in 2018. "While our 2018 growth forecast remains unchanged, upside and downside risks are emerging that are contingent on policy influences."
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Veros predicts housing boom for Washington state

Dominates the Top 5 market spots
The latest VeroFORECAST from valuations provider Veros shows market appreciation values will continue to increase, especially in the Northwestern region of the U.S. Additionally, expect a boom in Washington state as its major markets dominate the Top 5 markets.
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Freddie Mac: New home sales set to take over in 2018

Will help reduce home-price growth
Going into 2018, Freddie Mac predicted new home sales will continue to grow, even becoming the primary driver of home sales. This gradual increase in new homes, combined with gradual increases in mortgage rates, will help reduce rapidly-rising home prices next year. While Freddie Mac forecasts home prices will continue to increase, it will be at a slower pace.
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Monday Morning Cup of Coffee: Consumer groups look to expand CFPB authority

And Steven Mnuchin marries Scottish actress
This weekend was full of economic news as Freddie Mac released its latest report forecasting a second wave of demand in the housing market and Fannie Mae’s lender survey showed credit standards are about to ease. But it wasn’t all work and no play. Treasury Secretary Steven Mnuchin celebrated his wedding amid Wall Street elite and Washington insiders.
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NAR: Existing home sales will see best year since 2006

Sales to increase 3.5% this year
As prices go up, existing home sales are on track to hit the highest sales pace since 2006, a new forecast from the National Association of Realtors shows. However, the housing market will still face various headwinds, including lack of economic growth, which could hold back the sales pace.
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