Monday, April 25, 2016
4 Housing Predictions for the Rest of 2016
Economists made the following predictions for the remainder of 2016:
Employment: The labor market is expected to stay strong. The unemployment rate is projected to drop back below 5 percent for 2016 and 2017.
Mortgage originations: Loan originations are estimated to rise by $50 billion in 2016 and reach $1.7 billion.
Mortgage rates: Low mortgage rates are expected to stick around longer.
Housing prices: Home prices will rise by 4.8 in 2016 and by another 3.5 percent in 2017, Freddie Mac researchers predict.
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