Expected slowdown in remodeling is good news for mortgage business

In all but one of the hot housing markets that are now cooling off, home prices were up 7% or more in the second quarter of this year. Last quarter, however, most rose only 2% or less.

The good news, though, is that the acquisition seems to be going well. Remember, as Facebook captures more and more of the world’s internet users, growth will slow. But anything above 7% growth.

Good news for first-time home buyers: Home-price appreciation is expected to cool down in 2018 after a torrid couple of years. Home prices rose 6.3% in 2016, according to the Federal Housing.

However, residential remodeling activity is expected to rise 2.7% in 2015 and an additional 1.3% in 2016.

Renovation refinancing offers lenders a great fallback plan as mortgage originations shrink and refinancing activity sputters. Remodeling activity has increased every quarter since 2015 and is.

Good News, Bad News: US Economy Too Strong for Interest Rate Cuts ; an Expected Economic Slowdown Hasn’t Materialized, Easing Fears of Recession Ahead of the Fed’s Latest Policy Statement .. but that slow patch is looking more like business as usual. The housing slump is still serious. Detroit carmakers are still in trouble.

New-home sales declined more than forecast in December Colonial Savings founder James S. DuBose dies at 93 Colonial Savings founder James S. DuBose died after a yearlong battle with cancer. He was 93. Obit: Frank Cahouet turned around Mellon in late ’80s 06/22/17. Former Mellon Financial ceo frank cahouet is credited with leading the Pittsburgh company out of a difficult financial period. He was also.On-market listings, December 2017: 2,200. Sellers listed 12,347 homes last month, an 8.4 percent drop year-over-year.. Detroit is unique when it comes to total unit sales, too: More than 4,500 sales closed in all of. "I personally don't forecast major growth in real estate in 2019," said Dan Gutfreund,

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.

The Trump bump has faded, and the real estate market is expected to soften into 2019. The annual growth in national home improvement and repair spending by Americans is expected to slow in 2019, according to the Leading Indicator of Remodeling Activity (LIRA) released Thursday by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Homes for sale are remaining on market longer: Zillow / Homes For Sale Stay On The Market Longer. Homes For Sale Stay On The Market longer. october 22, 2018 by Brian Sorrell. During the spring and summer, homes for sale were selling fast. So fast that the typical home was on the market less than a month.. SCBRS, LLC is a real estate sales.

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Why Home Remodeling Always Takes Longer And Costs More Than Expected Posted by Financial Samurai 89 Comments My general contractor, who is also my tennis teammate, was making fun of me for spending $6,000 for replacing my 40 year old gravity furnace that was lined with asbestos.

CAMBRIDGE, Mass. – Annual gains in improvement and repair spending on the owner-occupied housing stock are projected to continue decelerating through early next year, according to the Leading Indicator of Remodeling Activity, LIRA, released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.