Data Provider Black Knight to Acquire Top of Mind 2 days ago December 14, 2018 1,551 Views Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News, Servicing Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Expectations for the Housing Market About Author: Donna Joseph Print This Post Expectations for the Housing Market Affordability Doug Duncan Fannie Mae Housing Market mortgage 2018-12-14 Donna Joseph Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Fannie Mae’s Chief Economist Doug Duncan expects economic growth to come in at 3.1 percent—recording an expansion high before it slows down to 2.3 percent the coming year and 1.6 percent in 2020. He noted that a fading fiscal policy, worsening net exports, and moderating business investment are all factors that will contribute to a slowdown in the economy in 2019, as Fannie Mae projected. Speaking of affordability, Duncan said, “If mortgage rates trend sideways next year, as we anticipate, and home price appreciation continues to moderate, improving affordability should breathe some life into the housing market. We also expect residential fixed investment to resume a positive growth trajectory amid continued rising housing starts and stabilizing home sales. However, affordability is likely to remain an industry concern, particularly among first-time homebuyers.” Barring the upward momentum of inflation, Fannie Mae’s Economic and Strategic Research Group forecasts mortgage rates and home sales to stabilize as the economy slows down in 2019. An increase in purchase mortgage originations is projected to rise. Total origination volumes may slightly drop as refinances decline substantially, the research found. The labor market is projected to be one of the highlights of the economic growth and with inflation around Fed’s 2 percent target, Fannie Mae predicts that Fed will hike rates once more in December and two more times in 2019, despite rising market expectations of fewer hikes amid stock market volatility. Consumer spending is likely to be the largest positive contributor that will drive growth and consumer confidence. Business fixed income, on the other hand, is expected to slow considerably by the third quarter and may also remain constrained due to higher tariffs, trade uncertainty, and rising interest rates and input costs. The existing trade tensions between the U.S. and China and stock market volatility is among the most notable risks to the forecast, Fannie Mae stated. Demand Propels Home Prices Upward 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Tagged with: Affordability Doug Duncan Fannie Mae Housing Market mortgage Share Save Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Gateway Mortgage Group Hires Steven Patrick Next: FHA’s New Loan Limits The Best Markets For Residential Property Investors 2 days ago Subscribe read more
View Comments Jessica Lange is ready to lead the big top. No, not in Pippin (but OMG let’s all imagine that for a moment. OK, great). We finally have our first full trailer for American Horror Story: Freak Show, and it features a whole host of stage vets getting their freak on. Step in if you dare, and sneak a peek of Kathy Bates as bearded lady Ethel Darling, Michael Chiklis as strong man Wendell Del Toredo, Angela Bassett as the three-breasted Desiree Dupree and Sarah Paulson as the conjoined Bette and Dot Tattler (who would probably make Daisy and Violet wet themselves). One person who’s missing? Half human/half goat Lea Michele. The new season of the terrifying Ryan Murphy series takes center ring on October 8 on FX.
Press Association Northern Ireland’s qualification for Euro 2016 will raise the country’s standing in the footballing world, according to Irish FA president Jim Shaw. The Green and White Army will be on the march next summer for the first time since the 1986 World Cup and Shaw is enthused about what that could mean for Northern Irish football. There will, naturally, be an immediate financial boost, but wider recognition in the world game and a positive impact on future generations are among the other expected benefits. Michael O’Neill’s deal runs out at the end of the European Championship and he is thought to want the security of a four-year deal if he is to re-sign. He has also been linked with jobs in England and Scotland, where he lives, but Shaw gave little away. “Michael has done an excellent job, we could not have imagined how well we have done in the campaign and most of the credit for that goes to him,” he said. “We’ve had no contact from anybody regarding Michael, and all the rest of those issues will take care of themselves in a professional manner.” “Something like this lifts the whole country in footballing terms,” Shaw told Press Association Sport. “It gives us a great recognition in European and world football, our first time in the Championship. “There will be revenue attached to it as well of course. It’s not easy to put a number on it but looking at the previous tournament as a guide, it will be a substantial amount of money. “If you have success at the tournament itself the revenue stream goes up again. “We have also jumped to 35 in the world rankings, which is incredible and should make it easier to get friendlies. “We can’t get prime fixtures because there is simply too much money involved but we’ll be looking for significant friendlies in the build-up to France. “And looking at the next generation, there will be thousands of youngsters motivated by what Northern Ireland have achieved.” Developments are expected in due course on the future of the man who has masterminded the nation’s unexpected success. read more
City of West Palm Beach Launches Mobile Pop-up Testing Site According to the Florida Department of Health, there were 31,528 total cases of COVID-19 in Florida as of Sunday morning.At least 1,074 Florida residents have died from COVID-19.Palm Beach County: 2,697 cases-155 deaths-Men: 1,339, Women: 1,299-409 hospitalizationsBroward County: 4,729 cases-170 deaths-Men: 2,340, Women: 2,259-889 hospitalizationsMiami-Dade County: 11,351 cases-301 deaths-Men: 5,881, Women: 5,297-1,291 hospitalizationsThe coronavirus death toll in the United States stands at 54,001, including more than 22,000 victims in the national epicenter, New York City. The country’s total number of cases was 940,797 on Sunday morning. Worldwide, the Johns Hopkins University & Medicine Coronavirus Resource Center reported 2.9 million cases and 203,622 deaths. read more