Expected slowdown in remodeling is good news for mortgage business

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After home remodeling spending hit a record high of nearly $425 billion in 2017, annual gains are projected to slow in more than half of the nation’s largest housing markets in 2019, according.

 · TORONTO – New stricter mortgage rules are expected to slow the housing market next year, but prices are still expected to rise about five per cent, according to a report by Royal LePage. In its market survey forecast, the real estate firm says its house price composite, which measures prices in 53 Canadian cities, is expected to increase 4.9.

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Take Advantage of the Construction Slowdown for Better Pricing. Remodeling Magazine defines a major kitchen remodeling project used for their survey as a replacement of about 30 linear feet of semi-custom cabinets, installing a kitchen island, a double bowl stainless-steel sink, adding new energy efficient appliances, new lighting, flooring, and painting the walls and ceiling.

June 04, 2019. Remodeling Spending Growth to Slow in Most Major Metros in 2019. Annual gains in homeowner spending on improvements are expected to moderate across more than half of the nation’s largest metropolitan areas in 2019, according to new projections released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

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Remodeling expected to slow this year. home improvement spending has been growing by double-digit percentages, but may slow later this year, hampered by rising home prices and sluggish sales, according to the Remodeling Futures Program at the Joint Center for Housing Studies of harvard university. “home improvement spending has already recovered.

Annual growth in the national market for home improvement and repair is expected to slow considerably by the end of the year, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Good news for home sellers. Home prices are expected to continue to rise modestly this year and next. That will help the millions of homeowners who still owe more on their mortgages than their home is worth and cannot afford to take the loss if they sell. Keep up with your wealth and mortgages, and follow me on Twitter @JudyMartel.

Bayview purchasing Pingora loan servicing platform Annaly Capital Management, Inc. (NYSE:NLY) ("Annaly") and Bayview Asset Management, LLC ("Bayview") today jointly announced that Bayview had entered into an interest purchase agreement to.