This blog will be part of a three-part series on trends, predictions and educated guesses concerning the future of home mortgages in 2016.
Over the next month, we will bring you the top 12 trends from expert reports and estimations of what 2016 will be offering all of us in regards to the mortgage, finance and housing industries.
Do not worry; we won’t throw all 12 Mortgage trends at you at once.
For today, we will simply preview three of the big questions and trends that we see in our crystal ball, and we will bring you details in our next blog, along with more mortgage trends.
Mortgage Trend 1: Will there be a big slow down in home ownership?
What some analysts see as a slow-down in home sales and prices, we just see as part of a cycle. Perhaps the growth in sales and prices will be slower than 2015, but it will be healthy.
“We’ll return to normal (Anyone remember normal?) The year ahead will see healthy growth in home sales and prices, but at a slower pace than in 2015.
As experts at Realtor.com say, “This slowdown is not an indication of a problem—it’s just a return to normalcy.”
Next week we will tell you what mortgage trends in the mortgage industry will reflect this return to normalcy.
Mortgage Trend 2. What Will Happen to millennials? A New Year and a New Generation!
We can not help but see that the millennials will be emerging as a healthier buying force in 2016.
After all, in spite of their poor opinion of home ownership, they spent 2 million in real estate sales, which is “over one-third of the total.”
It stands to reason that the “Generational shuffle will make 2016 the best year to sell in the near future.”
We will tell you more about how this mortgage trend will happen in next week’s blog.
Mortgage Trend 3: Firming Up The Mortgage Rates
We know we should prepare for an upward trend in mortgage rates for 2016, but we are also well aware there will be little lurches or drops in the limit, showing “periods of volatility.” Likewise, we know
“The Federal Reserve will continue a campaign of raising short-term interest rates, slowly lifting all mortgage rates, but affecting initial interest rates for ARMs in a more pronounced manner.”
A Great Big New Year’s Wish Comes Your Way!
Here at Palm State Mortgage, we see 2016 hurtling at us at light speed.
There’s no stopping it: The New Year will soon be here like a shiny new gift, wrapped in the silver ribbons of the past
and the golden paper of the future.
It will soon be The New Present.
With the New Year comes a New Opportunity for setting Goals. We face Challenges and new opportunities for shaping goals, taking on new challenges and creating transformations for peace and prosperity.
The new year is a time for resolutions and for investigating trends predictions.
Palm State Mortgage Company would feel remiss if we did not fill this our Happy New Year Best wishes for 2016. We quote sages of old who have said:
“Friends and family who are dear and special to us deserve the best message and wishes for the upcoming new year.
Every end is just a new beginning.
Keep your spirits and determination unshaken and you shall always walk the glory road.
With courage, faith and effort, you shall conquer everything you desire. We wish you a very happy new year.”
