Rising
rental costs may drive home sales up
Home sales could turn out sunnier than expected this spring based on data coming out of the rental market, according to economists at the Mortgage Bankers Association. Mike Fratantoni, vice president of economics and research, expects home sales to grow 10% in 2013, though he predicted refinances will drop off considerably as MBA projects interest rates to slowly move off the lowest levels in 40 years. Positive employment news, including a continued decline in jobless claims, could impact housing soon.
Read article - HousingWire
Home sales could turn out sunnier than expected this spring based on data coming out of the rental market, according to economists at the Mortgage Bankers Association. Mike Fratantoni, vice president of economics and research, expects home sales to grow 10% in 2013, though he predicted refinances will drop off considerably as MBA projects interest rates to slowly move off the lowest levels in 40 years. Positive employment news, including a continued decline in jobless claims, could impact housing soon.
Read article - HousingWire
