Expected slowdown in remodeling is good news for mortgage business

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.

Mortgage rates are expected to rise in 2018. CoreLogic, a data provider for the real estate industry, averaged six forecasts of mortgage rates, arriving at a consensus view that the 30-year fixed.

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.

Home sales fall in Houston; mortgage rates rise – HoustonChronicle. – Rising mortgage rates are threatening to cool the red-hot housing. Business. year-over-year drop since March, new monthly data out Wednesday show.. slow down at this time," Kenya Burrell-VanWormer, the association's. “The schools out there are really good and we'd remodeled the whole house.

Home prices in 20 U.S. cities increase by most since 2014 (Bloomberg) — Home prices in 20 U.S. cities grew in February at the fastest pace since mid-2014, underscoring the persistent scarcity of inventory amid strong demand, according to S&P CoreLogic Case-Shiller data released tuesday. 20-city property values index increased 6.8% y/y (est. 6.4%) after.

Housing industry news, home building and construction, and housing market coverage.. Harvard study: Remodeling spending to slow. Tue, Jun 11th 2019. Personal Finance.. Global Business and.

In its U.S. economic and housing market outlook for 2019, CoreLogic economists forecast growth in home prices to drop by one percentage point as higher interest rates impact the mortgage market.

Forget millennials. Gen-X is controlling the e-closing revolution Tammy Erickson’s book, What’s Next Gen X, has lots of fun tidbits about generational conflict. To Gen X she says, “Your expectation to be treated individually – to be allowed to play the game by our.

2019 Real Estate Market Downturn Why a slowdown in the housing market could hurt renters – 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.

Every one of us with an interest in the mortgage business, whether it be a vested financial interest or otherwise, has to be wondering what the future of the industry is going to look like.

February’s foreclosure inventory fell to lowest rate since 1999 U.S. Homeownership Rate Falls to Lowest Level Since 1999.. while renter-occupied units made up 28.3 percent of the inventory.. The firm found that the apartment vacancy rate fell to 6.6.

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, according to the Mortgage Bankers Association.

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.

Mortgage News Daily provides up to the minute mortgage and real estate news including mortgage rates, mortgage rss feeds and blog.