While many of us were busy making resolutions as the ball dropped on New Year’s Eve, experts throughout the real estate and the title insurance industries chose to make 2016 housing market predictions instead. Following, are four articles found on the American Land Title Association’s (ALTA) website that highlight market trends we can expect in the coming year:
10 Things That Will Keep Originators on Their Toes in 2016 National Mortgage News | January 4, 2016 Mortgage lenders on both the residential and commercial sides of the business will have to deal with a different lending environment in 2016. These include enforcement of TILA-RESPA Integrated Disclosure violations plus rising interest rates and the impact on origination volumes. Here are 10 observations that originators need to mull over while crafting their business plans for the coming year.
Goldman Sachs: Will Homebuilding Remain the Fastest-growing Sector? HousingWire | December 31, 2015 Goldman Sachs economists Jan Hatzius and Zach Pandl made 8 economic predictions for 2016. And some are pretty astounding. For one, they predict the Federal Reserve to raise interest rates another four times. That’s double the consensus.
A Big Political Battle Over Dodd-Frank Financial Reforms is Coming in 2016 Los Angeles Times | December 27, 2015 Forgive and forget. Or just pretend that banks’ greedy and reckless behavior never happened.
Predictions for the 2016 Housing Market Time | December 29, 2015 The Fed has raised interest rates, millennials are getting older . . . so what does next year’s housing market look like?