Items Tagged with '2019 housing market'

ARTICLES

  • Redfin: Tech IPOs could contribute to wealth inequality in San Francisco's housing market

    Tech IPOs projected to push homeownership further out of reach of residents
    A new wave of tech IPOs are projected to heat up San Francisco’s housing market, but will they push homeownership further out of reach for its residents? Redfin Chief Economist Daryl Fairweather said their presence could ultimately contribute to wealth inequality in the area.
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  • Home sales will be stymied in 2019 by high prices and "underbuilding"

    Grant Thornton chief economist says housing market will "tread water"
    A shortage of entry-level homes will stymie the housing market this year, nullifying much of the impact of lower mortgage rates, according to a forecast by Diane Swonk, Grant Thornton chief economist. "The housing market will tread water in 2019 as supply constraints and affordability problems offset any gains from slightly lower mortgage rates," Swonk said.
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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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  • Ellie Mae: Millennials are taking advantage of cooling housing market

    Millennial purchase requests increase to 87% in February
    As the housing market shifts further in favor of homebuyers, Ellie Mae’s latest Millennial Tracker Survey reveals purchase requests from Millennials increased to 87% in February. Executive Vice President of Strategy and Technology Joe Tyrrell said the percentage of purchase loans is on the rise as Millennials continue to enter the homebuying market.
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  • Homebuyers remain optimistic despite rising recession fear

    45% of home shoppers feel more optimistic about homeownership after 2008 recession
    America is in the midst of an economic downturn, which is now projected by some to become a full-blown recession. And although the housing market is beginning to experience the wrath of a slowing economy, a new report from Realtor.com suggests homebuyers remain hopeful.
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  • Housing market off to slow start in January

    Data indicates 15% of U.S. listings experienced a price cut this month
    New data from Realtor.com indicates that the housing market is off to a slow start, as 15% of U.S. listings experienced a price cut in January. Realtor.com Chief Economist Danielle Hale said that although the market is slowing, "it’s important to remember that we’re coming off of four straight years of inventory declines that pushed the market to a record low availability of homes for sale."
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  • Survey: Most multifamily mortgage originators expect another record year in 2019

    MBA survey shows originators see more sunshine in the future
    The most recent data from the MBA showed that commercial and multifamily lending hit an all-time high in 2017, and the MBA’s latest forecast suggested that 2018 would likely be another record year for commercial and multifamily lending. And a newly released survey of commercial and multifamily originators shows that most firms expect to see that trend continue in 2019.
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