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Archive for the Economic News Category

Experts Predict Next Year’s Housing Market Trends

http://schmidtmortgage.com/millions-homeowners-missing-savings-not-refinancing/

Economic experts have begun weighing in on expected trends in the housing market for next year. Knowing and preparing for changes in the market can help savvy real estate professionals weather any storms that may come. Here are some of the predictions to be on the lookout for: Increase in Home Purchases Every industry expert whose opinions we looked at agreed: Purchase mortgage volume will increase in 2018. In fact, Michael Fratantoni, chief economist and senior vice president of research and technology of the Mortgage Bankers Association (MBA), expects purchase growth through 2020. Freddie Mac’s Economic and Housing Research Group

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Owning A Home In Ohio Still Cheaper Than Renting

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If you are still on the fence about renting vs. owning debate, a new study shows buying a home is still a cheaper option than renting in Ohio. According to the latest Rent vs. Buy Report from Truila, a traditional 30-year fixed rate mortgage remains a cheaper option than renting in Ohio and 38 other states.

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