{"id":651,"date":"2017-02-06T00:00:00","date_gmt":"2017-02-06T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/uncertainty-plagues-the-housing-market\/"},"modified":"2017-02-06T00:00:00","modified_gmt":"2017-02-06T00:00:00","slug":"uncertainty-plagues-the-housing-market","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/uncertainty-plagues-the-housing-market\/","title":{"rendered":"Uncertainty Plagues the Housing Market"},"content":{"rendered":"

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The prospect for growth in the housing<\/a> market in 2017 remains solid, but that said, some anxiety may taper growth somewhat this year, according to Freddie Mac\u2019s latest 2017 Outlook report on the housing market.<\/p>\n

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Read more<\/strong>: Uncertain Times Are No Match for Seasoned Agents<\/span><\/a><\/p>\n<\/blockquote>\n

\u201cWe must grapple with uncertainty about fiscal policy, foreign investments in U.S. real estate<\/a>, and the size of the mortgage<\/a> market,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cAmong the many uncertainties we highlighted, however, a smaller mortgage market in 2017 than 2016 seems most certain.\u201d\u00a0<\/p>\n

Freddie Mac economists predict that mortgage origination volumes will fall in 2017, mostly driven by a sharp reduction in refinance activity. They predict that mortgage rates will rise throughout 2017, which likely will dampen mortgage market activity. As such, economists predict that refinancing activity will plummet by more than 50 percent from 2016 levels, reaching about $425 billion in 2017.<\/p>\n

\u201cUpheaval associated with the Brexit vote last June helped to keep rates low throughout the summer,\u201d they said. \u201cCould we see a repeat in 2017? There are key elections in France, Germany, and the Netherlands this spring that could potentially shock markets like the Brexit vote last year. We don\u2019t know how these elections will go and how bond markets will react, but they have the potential to drive long-term interest rates here in the U.S.\u201d<\/p>\n

Furthermore, economists note that appreciation of the U.S. dollar recently is making U.S. real estate pricier to many international buyers, according to Freddie Mac.<\/p>\n

\u201cIt remains to be seen if foreign buyers will still seek to invest in U.S. real estate if the dollar trend continues in the future,\u201d Becketti says. \u201cA contraction in foreign demand would have a small impact on many U.S. housing markets, but it would have a significant impact on particular markets that are more reliant on foreign investors.\u201d<\/p>\n

Source: Freddie Mac<\/a> and \u201cAnxiety Dominates Freddie Mac Monthly Outlook<\/a>,\u201d DSNews (Jan. 30, 2017)<\/em><\/p>\n<\/div>\n

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[ad_1] The prospect for growth in the housing market in 2017 remains solid, but that said, … Uncertainty Plagues the Housing Market<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[695,1403,9697,344,3781,408,1295,15272,41,818,84,15296],"class_list":["post-651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-agent","tag-buy","tag-foreign-investors","tag-housing","tag-housing-markets","tag-mortgage","tag-mortgage-rate","tag-outlook","tag-property","tag-real","tag-real-estate","tag-target"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/C7QHnMw2aG0","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3960,"url":"https:\/\/amazingproperty.com.ng\/blog\/following-weeks-of-declines-rates-tick-up\/","url_meta":{"origin":651,"position":0},"title":"Following Weeks of Declines, Rates Tick Up","author":"Amazing Property","date":"April 28, 2017","format":false,"excerpt":"For the first time in five weeks, average mortgage rates reversed course and edged up. \u201cThe 10-year Treasury yield rose about 10 basis points this week,\u201d notes Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 30-year mortgage rate moved with Treasury yields, rising 6 basis points to 4.03 percent. Despite recent\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2655,"url":"https:\/\/amazingproperty.com.ng\/blog\/freddie-to-aid-those-without-credit-scores\/","url_meta":{"origin":651,"position":1},"title":"Freddie to Aid Those Without Credit Scores","author":"Amazing Property","date":"March 28, 2017","format":false,"excerpt":"Mortgage financing giant Freddie Mac has expanded access to credit for American families without credit scores. Beginning in June, borrowers without credit scores may be able to easily qualify for purchase mortgages or no-cash-out refinance transactions. Still, borrowers will have to show payment references, like records showing timely housing payments.\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4891,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-are-still-dropping\/","url_meta":{"origin":651,"position":2},"title":"Mortgage Rates Are Still Dropping","author":"Amazing Property","date":"June 8, 2017","format":false,"excerpt":"[ad_1] Home buyers may want to rush to lock in: The 30-year mortgage rate hit its lowest level in nearly seven months this week, Freddie Mac reports. \"The 10-year Treasury yield fell 3 basis points this week,\u201d said Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 30-year mortgage rate moved in\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/rates060817.png?fit=620%2C252&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/rates060817.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/rates060817.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":3778,"url":"https:\/\/amazingproperty.com.ng\/blog\/will-lower-rates-create-buyer-frenzy\/","url_meta":{"origin":651,"position":3},"title":"Will Lower Rates Create Buyer Frenzy?","author":"Amazing Property","date":"April 24, 2017","format":false,"excerpt":"Mortgage rates have dropped below 4 percent for the first time since November, and home buyers likely will want to take advantage of the lower borrowing costs. The average 30-year fixed-rate mortgage fell to 3.97 percent for the week ending April 20, according to Freddie Mac's weekly mortgage market survey.\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5042,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-hold-at-low-levels\/","url_meta":{"origin":651,"position":4},"title":"Mortgage Rates Hold at Low Levels","author":"Amazing Property","date":"June 23, 2017","format":false,"excerpt":"[ad_1] Home shoppers are getting another week to lock in some of the lowest mortgage rates of the year. \u201cFollowing last week\u2019s sharp decline, the 10-year Treasury yield rose 3 basis points this week,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 30-year mortgage rate remained relatively flat, falling 1\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/rates062317.png?fit=620%2C252&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/rates062317.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/rates062317.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":621,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-take-a-breather-this-week\/","url_meta":{"origin":651,"position":5},"title":"Mortgage Rates Take a Breather This Week","author":"Amazing Property","date":"February 3, 2017","format":false,"excerpt":"[ad_1] Mortgage rates barely budged this week compared to the previous week, as the 30-year fixed-rate mortgage held its 4.19 percent average, Freddie Mac reports. \"The 10-year Treasury yield fell 5 basis points this week following a tepid advance estimate of fourth-quarter GDP and the Fed's decision to leave rates\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=651"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/652"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}