MORTGAGE RATE AND PRICE FORECASTS FOR 2019 SUGGEST SLOWER GROWTH FOR “TYPICAL MORTGAGE PAYMENT” THIS YEAR
While the median price paid for a home nationally had risen by just over 5 percent year over year as of last October, the principal-and-interest mortgage payment on that median-priced home had increased by 17 percent, mainly because of the 2018 rate hikes.
FRANK NOTHAFT SHARED HIS FORECAST AT EPIQ 2018
While the nation has enjoyed nine straight years of economic growth and is on track to experience the longest expansion in U.S. history, the specter of the housing bubble and recession still lingers. At the EPIQ 2018 session “Economic Outlook & State of the Housing Industry,” CoreLogic Chief Economist Dr. Frank Nothaft revealed his forecast on the possibility of another housing bubble coming in the next few years.