Housing Market Outlook Grows Rosier

The worst is over for Calgary’s housing market as it turned the corner in 2017 and experts are expecting an even rosier outlook for 2018. After struggling through two years of a vicious recession in 2015 and 2016, many indicators, including GDP and employment growth, will buoy spirits in the Calgary region, fostering a positive [.]

After underperforming in 2018, the PHLX Housing Index is up about 30% for the year so far, roughly double the year-to-date gain of the benchmark S&P 500 index. Mortgage rates have been declining with.

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Despite the ongoing recovery, the housing market is still dealing with hangovers from the last boom-and-bust cycle. One of the biggest headaches: an inventory squeeze. Millennials are entering their peak nesting years at a time when the construction of single-family homes still hasn’t recovered from the cutbacks that followed the financial.

as uncertainty in the market subsides, and in line with forecasts by the Council of Mortgage Lenders. The population is assumed to grow in line with ONS projections, while housing stock growth is assumed to grow by 250,000 homes a year over the period. This is slightly below the government’s official target of 300,000 a year, but is aligned to

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Lending Mortgage lender optimism grows as borrower demand heightens Although lender outlook fell 8% in Q1, it’s a significant improvement from the previous quarter

Tight Inventory in Dallas Real Estate Market. Residential real estate inventory remains low in many major cities across the nation, and Dallas is no exception to that. According to the national real estate brokerage Redfin, the dfw metro-area housing market had about a 2.6-month supply of homes for sale as of May 2019.

Economists Give U.S. Housing Market Rosier Forecast Falling mortgage rates have led experts to revise their 2019 outlook for house prices and sales

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The housing market predictions 2019 expect the market see modest inventory gains, but with mortgage rates expected to hit 5.5 percent by the end of the year, monthly mortgage payments will rise 8.