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Housing Market & Residential Lending Forecast August 2021
Fortunately Fannie Mae and the MBA release monthly forecasts for residential lending volumes, new and existing home sales and interest rates. They do not, however, look through the same glasses when...
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Forecast Update: Home Sales, Residential Lending & Interest Rates by Fannie...
Axioms are truths. If there is ever one complete truth it is that not everyone sees the future equally, nor do they consistently perceive the present. Proof in the statement takes only a glance at...
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Existing Home Sales Stutter Slightly in May, Down 0.9 Percent, But Median...
Existing home sales slipped 0.9 percent in May 2021 compared to April based on the Seasonally Adjusted Annualized Rate (SAAR) according to the National Association of Realtors® (NAR). Actual closings...
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Interest Rates, Home Sales & Lending Forecast — April 2021
In the dark and clouds, airplane pilots need to know where they are heading. Fortunately flight instruments lead the way. The same is true in residential markets with monthly updated forecasts by...
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February Forecast Update: Interest Rates-Home Sales-Residential Lending
A favorite economist term is, “Forecasting is easy, except the future.” As an economist, I concur, but forecasting is what economists do for a living. My favorite statement, however, is, “If I...
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Home Sales, Median Prices, Residential Lending Volume & Interest Rate...
In the list of uncertainties ranging from new tax rates and laws to the yet-to-be-known stimulus that will be passed by congress, add to that where home sales, median prices and lending volumes are...
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Housing Market, Residential Lending & Interest Rate Forecasts – December 2020
December 2020 monthly forecasts from Fannie Mae and the MBA show they continue to disagree on where home sales and residential lending volumes are trending for 2021. The divergence is a function of...
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Housing Sales Buoyed by Record-Low Interest Rates
Housing today has the greatest intrinsic and price values in our lifetimes as we spend more time than ever before at home. Median home prices rose a phenomenal 14.5 percent to $310,800 in the...
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Pandemic-Driven Existing Home Sales Surge Continues — Home Sales Up 25.8...
The surge in existing home sales continued, up 25.8 percent in November 2020 versus one-year ago on a seasonally adjusted annualized rate (SAAR) to 6.69 million as reported by the National Association...
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Express Train on Existing Home Sales Continued at High-Speed Through October
Existing home sales accelerated through October 2020, with closings hitting 6.85 million dwellings on a seasonally adjusted annualized rate (SAAR). This was the greatest level posted since March 2006...
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Housing Sales, Residential Lending & Interest Rate Forecasts November 2020
The latest monthly forecasts from Fannie Mae and the MBA show that the only thing the two agree on is not to agree in 2021 for either interest rates or existing home sales. Each provides a monthly...
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Booming Sales and Minimal Inventory — Existing Home Sales September 2020
Existing home sales exploded up a massive 20.9 percent to 6.54 million in September 2020 based on seasonally adjusted annualized sales (SAAR) vs one year ago as reported by the National Association of...
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Interest Rates, Housing Sales & Residential Lending Forecast 2020-2021 as of...
The increased amount of time we are spending at home makes the residence more intrinsically valuable than at any time in people’s lives today. Coupled with record-low interest rates, new and existing...
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Housing Affordability — A Lot Better Than You Think and a PHENOMENAL 2021...
Talk to almost any homebuyer today and ask the top hurdles facing them, it is all but guaranteed that affordability hits at or near top of their list of challenges. A strong headwind for homebuyers in...
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Home Sales, Interest Rate and Lending Volume Forecasts for 2020 & 2021
Record-low interest rates continue to drive home sales and refinance lending volumes – perhaps two of the brightest spots of the U.S. economy today. Following is a summary of the September 2020...
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Interest Rates, Housing Sales and Residential Lending Forecast — August 2020
As the pandemic progresses, it appears more evident that the housing sector is providing buoyancy to the U.S. economy as record low interest rates drive housing demand and reduce monthly payments for...
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Residential Mortgage Rates Hit All-Time Record Lows
Freddie Mac’s weekly Primary Mortgage Market Survey (PMMS) hit an all-time record low for 30-year, conventional, fixed-rate residential mortgage loans, sinking to 3.07 percent for the week of July 3rd,...
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Forecasting is Difficult, Especially the Future: — Housing Sales, Interest...
Forecasting is difficult, especially the future, is a small bit of economist humor that embodies more truth than may be appreciated. While ongoing trends are easy to forecast by just continuing the...
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Home Sales & Residential Lending Forecast 2019 – 2020 as of August 2019
Residential interest rates have surprised almost everyone dropping to an almost three-year low and are driving an unanticipated refinance boom. Expected refinance lending volume for 2019 commenced the...
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Residential Lending Forecast 2019 & 2020 as of July 2019
As the Federal Reserve’s Open Market Committee prepares to meet today, interest rates and where they are likely going are making headlines. Interest rates make up part of the throttle linkage for...
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