Real Estate Roundup 12/13/16
US Housing Market In Peril As "Increase In Mortgage Rates Has Shocked Consumers"
Tyler Durden, zerohedge.com
The MBA estimates refinances will fall 46% next year, to $484 billion, which will hurt Americans’ ability to free up cash by reducing the cost of their monthly mortgages.
Economic investment outlook is mixed
Jessie O’Brien, grbj.com
Robey forecasted a 2.5 percent growth rate for the Grand Rapids MSA’s economy next year but just a 1.1 percent increase in employment. He also expects similar trends going into 2018, predicting 2.4 percent growth in West Michigan’s economy with just a 1 percent job growth rate.
“Rockford construction relocated its headquarters to the area in 2013.”