Housing Market Rise Coming In 2020
In a recent article from TransUnion (Chicago, 10/29/19), the headline reads “Housing Market to Receive Boost as Number of First-time Homebuyers Expected to Rise.” According to Joe Mellman, senior vice president and mortgage business leader at TransUnion. “… we may be starting to see daylight as slowing home price appreciation, low unemployment, increased wage growth and low interest rates are helping affordability. As a result, we are optimistic that first-time home buyers will contribute more to home ownership that at any time since the start of the Great Recession.”
More Great News
The article from TransUnion goes on to state that during the 3 year period of 2020 through 2022 the projected number of first-time homebuyers will be add up to between 8.31 million and 9.20 million loan originations. Read the entire article by clicking here.