INDUSTRY NEWS
Some recent positive signs for homebuyers and sellers:
- The Census Bureau reported that incomes nationwide rose 5.2 percent in 2015, the first gain since 2007.
- The Conference Board Consumer Confidence Index surged to 104.1 in September, the highest level since the recession.
- The Mortgage Bankers Association is predicting home sales to eclipse 6.5 million next year, while Fannie Mae and Freddie Mac are both predicting 6.2 million.
- Homeowners, on average, saw a gain in equity of $11,000 last year, according to data from CoreLogic.
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