Expected slowdown in remodeling is good news for mortgage business

People on the move: Nov. 3

In a time of slow economic growth, that is too good an opportunity to pass up. In addition, our housing sector is taking longer than previously expected to digest the combined effects of stricter.

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.

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Even slowdown is good news in real estate market review. – Even slowdown is good news in real estate market review. He said, "We’re not looking for a recession, but we are looking for a slowdown." In looking at the expected decline in new home sales, Will White, director of the Tucson office for Arizona Land Advisors, said the new home market.

Press Releases | Joint Center for Housing Studies of Harvard. – As Homebuilding Lags in the US, Remodeling Industry Picks Up the Slack. The home remodeling market in the US expanded by more than 50 percent since the end of the Great Recession, according to Improving America’s Housing 2019, a new report from the Harvard Joint Center for Housing Studies. Read More

We’ve recently written quite a bit about the big slowdown in the new-home industry and its effects on remodeling activity. Although it’s hard to draw a concrete conclusion, the consensus among remodelers and industry analysts is that remodeling isn’t expected to fall nearly as hard as home building has.

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This slow speed may be in part due to the holiday season and rising home prices. Luckily, as spring approaches and mortgage rates continue to decline, we’re finally seeing things pick up a little. Decreased mortgage rates should also upset the increased housing price, making both buyers and sellers happy.

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.