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The MReport Webcast: Monday 3/19/2016

New home listings rose at the fastest rate in three years, offering the mortgage industry a small token of relief from shrinking inventory. According to Redfin, new home listings grew 11 point 9 percent year-over-year in February.

 

Despite this uptick in new listings, overall inventory declined 3 point 7 percent year-over-year, a slower decline than in recent months but still a disappointing number as far as choices in the housing market are concerned. Nevertheless, Redfin said a rise in new listings is a positive sign for the health of the housing market.

 

As housing demand continues to rise, interest rates remain at historical lows, credit conditions ease, and the labor market improves, home price growth continues to climbs but for how much longer?

An analysis from Capital Economics projects that the Federal Reserve will be modest in interest rate increases and home prices will increase by a forecasted 6 percent in 2016. In addition, home price gains will be more modest in 2017 at 4 percent, prior to rising interest rates lead to a complete economic slowdown in 2018.

About Author: Seth Welborn

Seth Welborn is a Harding University graduate with a degree in English and a minor in writing. He is a contributing writer for MReport. An East Texas Native, he has studied abroad in Athens, Greece and works part-time as a photographer.
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