Expected slowdown in remodeling is good news for mortgage business

How to Market Your Mortgage Business Markets cautious after tech sell-off and ahead of central bank meetings – as it happened – Still with the UK, mortgage approvals hit a five month high while in Germany, inflation was steady in July. On that note, it’s time to close for the day. Thanks for your comments, and we’ll be back.

After home remodeling spending hit a record high of nearly $425 billion in 2017, annual gains are projected to slow in more than half of the nation’s largest housing markets in 2019, according.

"Home sales are set to tread water over the next couple of years, which is good news for the rental sector," the capital economics economists matthew pointon and Andrew Burrell wrote in a recent.

Homeowners are pulling back on their spending on house improvements. Growth in remodeling spending is expected decline in half of America’s largest cities this year, a study released this week.

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Originations of single-family first-lien mortgages are predicted to slide around 8% to $1.66 trillion amid a slowdown in home sales growth and lower refinance volume due to higher mortgage rates.

Affordability keeping some from listing their homes for sale Approximately 85% of the region’s loan officers attached some degree of importance to cash-out refis this year, with 60% calling it extremely important. In comparison, 73% of survey participants nationwide said that cash-out refis were an important part of their business plans, and 46% called these loans extremely important.

Eurozone slowdown is good news for Irish homeowners. – Eurozone slowdown is good news for Irish homeowners Economic growth across the eurozone growth slowed at the start of 2018. Economists said temporary factors were partly behind the weakness and that the economy should continue to expand strongly this year.

As mortgage rates increase over the next few years, home improvement activity is likely to increase with them. This may seem counter intuitive, but you can expect two somewhat opposing effects: one highly positive and one slightly negative. Negative Effect. The negative effect will stem from an expected slowdown in the growth of home sales.

Many economists expect the housing market will continue to slow, which could drive more Americans to rent instead. Apartment vacancy rates have fallen to 5.6% in the third quarter of 2018 from 5.9.

Fannie markets more than $3 billion in distressed loans The federal housing finance Agency and U.S. Treasury Department said they have agreed to let mortgage giants fannie Mae and Freddie Mac retain capital buffers of $3 billion apiece, marking the first changes to their bailout arrangements in five years. Sen. Sherrod Brown, the top Democrat on the Senate Banking Committee, was among those who applauded the decision.

Recent trends in the world economy and financial markets are good news. is expected to slow to 2.3 percent in 2018 and 2 percent in 2019, as higher interest rates and tighter macroprudential.

Expected slowdown in remodeling is good news for mortgage business Remodeling activity stepped up in recent years as homeowners stayed put for nearly twice as long as before the housing bubble burst, but several forecasts point to a potential slowdown on the horizon, which is a welcome sign for the mortgage business.

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