State of the Union and Mortgages

Abby Gregory wrote an article for TheMReport.com where she showed how the single family residential properties are selling due in part to low prices and low mortgage rates.

The Urban Land Institute has released a new study that shows declining expectations for the U.S. economic picture, with one positive exception – single-family housing. In the organization’s semi-annual Real Estate Consensus Forecast, ULI found that most growth projections had been scaled back, while the residential market was marked by improving predictions versus data recorded six months prior.

Conducted by ULI’s Center for Capital Markets and Real Estate, the group’s report examined growth expectations for the nation’s economy, real estate capital markets, and commercial real estate fundamentals. Polling 39 leading real estate economists and analysts from around the U.S., ULI’s statistics indicated “more optimism” in the single-family housing industry, and forecasts for starts and home prices demonstrated significant increases.

Predictions for single-family housing starts rose by 30,000 over figures recorded by ULI in March, with respondents calling for an estimated 530,000 starts to end 2012.

The full article can be found at www.themreport.com under the title;
Study Shows Improving Projections for Single-Family Housing