By Joe Melendez
Copyright © 2006-2016 HW Media, LLC. All rights reserved.
With vacations over and the holidays coming fast, home buying is beginning to slow down. So, given all of the predictions for 2016 (including mine), let’s review the better part of the 2016 home-buying season and see what we’ve learned, with an eye toward 2017.
1. Refis have finally dried up
The death of refis has been greatly exaggerated for a long time now, but given recent data and analysis, it may finally be here. Simply put, rates can’t get any lower, and those who qualified for refis have already done them.
2. Buyers want ‘new’ homes
The good news is that buyers want to own a home and that sales of newly constructed homes is healthy compared to recent years. However, existing home sales are down, partly because homeowners ... Read the article at the HousingWire website
