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Walid Muhammad
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REALTOR ®

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FREDDIE MAC: U.S. housing market "on track to eclipse last year as the best in over a decade."

Rather than taking a step back this year, home sales now seem ready to best their 2016 numbers.

Freddie Mac's economists admit that, up until this month, their expectations were for the former (i.e. a 'step back'), but based on recent data, they now see the U.S. housing market "on track to eclipse last year as the best in over a decade."

The company's May Outlook credits housing's strong launch into 2017 in part to the surprising downward drift of interest rates since March.

Favorable rates, along with strong job growth, have bolstered housing demand, even as economic growth remains tepid-only 0.7 percent GDP growth in Q1.


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FREDDIE MAC: U.S. housing market "on track to eclipse last year as the best in over a decade."

Rather than taking a step back this year, home sales now seem ready to best their 2016 numbers.

Freddie Mac's economists admit that, up until this month, their expectations were for the former (i.e. a 'step back'), but based on recent data, they now see the U.S. housing market "on track to eclipse last year as the best in over a decade."

The company's May Outlook credits housing's strong launch into 2017 in part to the surprising downward drift of interest rates since March.

Favorable rates, along with strong job growth, have bolstered housing demand, even as economic growth remains tepid-only 0.7 percent GDP growth in Q1.


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Close to one in every five US homeowners with a mortgage is now equity rich...

The spike in equity-rich homeowners is driven largely by the fact that people are staying in their homes longer before selling and thus amassing more equity.

Homeowners are considered equity rich if they have a loan-to-value ratio of 50% or lower, according to ATTOM.

#housing #realestate #mortgage

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AIG will not sell mortgages it said at an investor day Friday that it would seek direct investment in the market which is likely to involve buying home loans from banks and non-banks and securitizing them.

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Yes, there was a last second field goal miss by Graham Gano but the Carolina Panthers own the loss as a team.
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