Expected slowdown in remodeling is good news for mortgage business

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As mortgage rates increase over the next few years, home improvement activity is likely to increase with them. This may seem counter intuitive, but you can expect two somewhat opposing effects: one highly positive and one slightly negative. Negative Effect. The negative effect will stem from an expected slowdown in the growth of home sales.

Expected slowdown in remodeling is good news for mortgage business remodeling activity stepped up in recent years as homeowners stayed put for nearly twice as long as before the housing bubble burst, but several forecasts point to a potential slowdown on the horizon, which is a welcome sign for the mortgage business.

CAMBRIDGE, Mass. – Annual gains in improvement and repair spending on the owner-occupied housing stock are projected to continue decelerating through early next year, according to the Leading Indicator of Remodeling Activity, LIRA, released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

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Mortgage Interest Rates | Housing | Finance & Capital Markets | Khan Academy The Trump bump has faded, and the real estate market is expected to soften into 2019. The annual growth in national home improvement and repair spending by Americans is expected to slow in 2019, according to the Leading Indicator of Remodeling Activity (LIRA) released Thursday by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

 · World Bank warns that China slowdown is a key risk. AM.. The World Bank is warning that a sharper-than-expected slowdown in China remains a key risk to the global economy.. "It is good news.

In a time of slow economic growth, that is too good an opportunity to pass up. In addition, our housing sector is taking longer than previously expected to digest the combined effects of stricter.