Here are five predictions for the housing and mortgage industry-related for 2016. They address interest rates, luxury housing trends, mortgage credit, consumer confidence, and delinquent housing inventory.
Consultant Lynn Effinger is not sanguine about the year ahead in housing, for any of the above-noted bucket areas of consideration. Is it the backdrop? Interesting hoe much stock he puts in the policy environment. He writes:
Since 2016 is shaping up to be a potentially chaotic, unstable and unprecedented year of upheaval around the world, and is perhaps the most important national election year of my lifetime, it is quite possible that my predictions will not come to pass after all.