Housing Market

Housing Market
Shari L Kraus
XECO/212
February 10, 2012
Kristin Paul

Introduction
Purchasing a home is one(a) of the biggest decisions you entrust ever make. There are many things to consider, such as interest rates, the GDP, mortgage rates, and so much more than. These tools tin support you figure the best time to purchase your ambitiousness home.
The government bodies that influence national policies that potentially affect the caparison market are the Housing finance Board, Housing and urban Development (HUD), and the Federal Housing Administration (FHA). The Housing Finance Board sets the mortgage rates for homes and property and regulates the coin banks that supply the capital to lenders, making sure they are loaning out the coin at the correct rates. HUD works with the community to help more people become homeowners. They also help low-income families get homes. The FHA insures bank loans for buying existing homes or building new homes. The FHA helps to get out better housing standards and conditions (Oppapers.com).
Frank Nothaft, an economist at Freddie mackintosh states that, in his opinion, the economy activity ordain increase with no double dipping in the economy. A National Association of Realtors economist says existing-home sales will go up from 5.3 million in 2011 to 5.6 million in 2012.



Mortgage rates should rise to an fair of 6.0 percent in 2012.Housing starts are expected to continue to grow, liberation up to 908,000 in 2012. New home sales will rise to 487,000 in 2012. According to Fannie Mae, housing starts and housing sales will continue to rise throughout 2012 and into 2013. Housing prices will also continue to rise (Fannie Mae).
Some national policies that shadower affect mortgage rates, housing starts, and housing prices are Fannie Mae and HUD. Fannie Mae is a government program that keeps money circulating to mortgage lenders in order to help strengthen the housing and mortgage markets and to help provide people with homes they can afford to own or rent. Fannie Mae...If you want to get a full essay, order it on our website: Orderessay



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