Items Tagged with 'economic forecast'

ARTICLES

  • Goldman Sachs: No deal in U.S.-China trade war before 2020 election

    "Fears that the trade war will trigger a recession are growing," Goldman economists say
    “Tariffs are a great negotiating tool,” President Donald Trump tweeted last month, one of dozens of times he has extolled the power of levies to get the trade deals he wants. Goldman Sachs issued a note to clients on Sunday saying that tariff strategy isn’t going to work with China, the world’s second-largest economy. “We no longer expect a trade deal before the 2020 election,” Goldman economists said.
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  • Fannie Mae downgrades economic forecast citing "ratcheting up of trade tensions"

    Says 2020 will be the worst year since the Great Recession
    Fannie Mae downgraded its forecast for U.S. economic growth, citing a "ratcheting up of trade tensions," and said 2020 will see the worst economy in more than a decade. The mortgage giant revised its projection for GDP growth to 1.5% for next year, which would be the worst performance since a 2.5% contraction in 2009, according to data from the Bureau of Economic Analysis.
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  • NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains

    New home sales should reach a 12-year high as builders scramble to meet demand
    New home sales probably will reach a 12-year high in 2019, according to Lawrence Yun, chief economist of the National Association of Realtors. Sales of existing homes probably will be flat, he said at NAR’s Legislative Meetings & Trade Expo in Washington D.C. on Thursday.
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  • Low mortgage rates may drive home purchase lending to 14-year high

    Economic hangover helping to keep rates low
    The recent drop in mortgage interest rates is already having an impact on overall mortgage demand as well as the demand for refinances, but just how much could the return of low interest rates impact the market? Quite a bit, according to new data from iEmergent. In fact, iEmergent is projecting a 14-year high in purchase lending.
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  • MBA Servicing: Despite recession risk, forecast for servicing looks good

    Home price appreciation and wage growth bode well for growth
    The MBA has raised the odds of a recession to a one-in-three chance over the next 12 months, but However, both Joel Kan and Marina Walsh stressed that the recession, if it happens, is likely to be mild. Amid all the economic data, the indicators that carry the best news for servicers are strong payroll growth and strong wage growth.  
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  • MBA economists: Here’s what mortgage rates are going to do in 2018 and beyond

    What to expect in mortgage lending in the next few years
    On a whole, mortgage interest rates moved lower throughout 2017 after rising above 4% in January. But what’s going to happen in the next few years? During a session Tuesday at MBA Annual in Denver, the MBA’s top economists discussed the MBA’s view of how the economy and the housing market will change over the next few years.
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  • Fannie Mae predicts strong spring homebuying season

    Economy looking weaker, but housing is improving
    The economy may not grow at the previously expected rate, but that shouldn’t stop housing from improving in 2015, according to Fannie Mae’s May 2015 Economic Outlook. “Housing is one sector that appears to be building momentum, with leading indicators suggesting the market will experience a strong spring season,” Fannie said.
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