Recent data provided by Freddie Mac’s Economic and Housing Research Group for 2018 presents a favorable economic environment for housing and mortgage markets pushed along by solid job gains, low mortgage interest rates, and moderate growth for the economy. For the mortgage industry, the research points to three trends for 2018: an increase in purchase business, a slight decrease in refinance transaction, but more consumers tapping into equity as well.
An emerging-growth nonbank consumer lender and market leader offering home mortgage, refinance and home equity loan products in all 50 states. Meanwhile, Alaska, a state with valuable natural resources, is struggling with the highest unemployment rate in the country, at 6.5%.
CBRE’s outlook for Australian property markets in 2019: Headwinds have emerged in the economy that will have detrimental impacts on property markets, with expectations of residential and retail bearing the brunt of it. As the office supply pipeline turns back on, Sydney and Melbourne tenants sigh wi
Since the 1970s, several emerging countries have begun to close the economic gap with the United States. In most cases, this has been due to moving the manufacture of goods formerly made in the U.S. to countries where they could be made for sufficiently less money to cover the cost of shipping plus a higher profit.
California’s Unemployment Rate to Rise, While State Continues to Outpace the Nation in Economic Growth Los Angeles (September 25, 2019) – Stopping just short of predicting a recession in the U.S. through its 2021 forecast horizon, the UCLA Anderson Forecast, in its third quarterly report of 2019, expects the national economy to slow to 0.4%.
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The Texas economy is poised to have another good year in 2019, supported by higher oil prices and a solid Houston metro area economy.
With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
Given Freddie Mac’s favorable outlook for the mortgage industry and the broader economy in 2020, it’s no surprise to see them predicting "positive momentum" for home sales. The group’s forecast for total home sales (which includes both new and existing units) suggests that we could see a slight uptick in sales next year.
Read on for Kiplinger’s exclusive 2020 economic outlook –including projected job-growth and unemployment rates– for each state, listed alphabetically. Kiplinger Economic Outlook for All 50.