Difference between revisions of "User:RahalMccall69"

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(Economists bullish on housing, expect 2016 rates to hit 5.25%)
(Wisconsin budget shortfall projected at $1.8 billion)
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The strengthening job market has more economists gaining confidence about the direction of the housing market over the next two years, according to a newly released Reuters poll of 29 housing analysts, including investors and economists.
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MADISON (AP) 鈥?The Legislature <a href=http://www.aec-ist.com/css/Cheap-Gucci-Outlet-Cheap-Bags-Sale-Crossbody.html>Gucci Cheap Bags</a>  s nonpartisan Fiscal Bureau says the projected shortfall for the next two-year state budget ending in mid-2017 stands at nearly $1.8 billion.
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The economists surveyed expect existing-home sales to increase to 5.25 million units in the first three months of 2015. Currently, existing-home sales stand at 5.09 million. In May, the same group surveyed had expected much slower gains at 5.1 million expected in the first quarter <a href=http://www.museosangennaro.com/Public/anel.php> Christian Louboutin Shoes Outlet</a>  of 2015.
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The Fiscal Bureau released the latest estimate on Monday. The projected shortfall, or structural deficit, is nearly triple what was forecast in May.
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What's more, those polled expect home resales to continue to inch up in 2015, reaching 5.29 million by the second quarter of 2015.
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That shortfall is on top of the projected deficit <a href=http://www.aec-ist.com/css/Cheap-Gucci-Sale-Purses-Sale-Sale-Handbags-Cheap-Clothing.html>Gucci Purses Sale</a>  in the current two-year budget, which is expected to hit nearly $116 million by the middle of next year.
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The job market is why most of the economists are starting to change their tone about housing's outlook. For the past six consecutive months in July, employers added more than 200,000 jobs.
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All of the estimates are subject to further revision depending on exactly how much the state spends <a href=http://www.aec-ist.com/css/Gucci-Belts-Sale-Baby-Men-Belts-Women-Sunglasses.html>Men Gucci Belts</a>  in coming months and how closely future tax collections come in relative to estimates used to building the budget.
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"Low mortgage rates and improving labor market dynamics should remain conducive to gradual growth in the housing sector," Gennadiy Goldberg, a strategist at TD Securities, said in a recent note to clients.
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The Legislature will write the next two year budget next year.
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The housing analysts surveyed expect mortgage rates to rise slower than <a href=http://www.alportico.net/prodotti/christianlouboutin-sale.jkmsw.php>Cheap Christian Louboutin</a>  they originally thought in May. Still, they contend rate rises are looming with expectations that the Federal Reserve will slowly begin to increase its benchmark interest rate around the middle of next year. The Fed has held the benchmark interest rate near zero since 2008.
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The economists polled expect the 30-year, fixed-rate mortgage <a href=http://www.symbiose.ca/images/christianlouboutin.gwij.php>Christian Louboutin Sale</a>  to rise to 5.25 percent in 2016. That is a slight drop from the 5.68 percent average they had predicted in the May poll.
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The 30-year fixed-rate mortgage is currently averaging 4.10 percent, according to Freddie Mac.
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Nevertheless, the economists say the housing recovery likely won't be derailed by a gradual increase in mortgage rates.
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"If a rise in mortgage rates comes with a stronger economic recovery, the housing market will be able to absorb it," Alexander Lin, an analyst at Bank of America Merrill Lynch, told Reuters.
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Revision as of 15:18, 30 September 2014

@@@ MADISON (AP) 鈥?The Legislature <a href=http://www.aec-ist.com/css/Cheap-Gucci-Outlet-Cheap-Bags-Sale-Crossbody.html>Gucci Cheap Bags</a> s nonpartisan Fiscal Bureau says the projected shortfall for the next two-year state budget ending in mid-2017 stands at nearly $1.8 billion. The Fiscal Bureau released the latest estimate on Monday. The projected shortfall, or structural deficit, is nearly triple what was forecast in May. That shortfall is on top of the projected deficit <a href=http://www.aec-ist.com/css/Cheap-Gucci-Sale-Purses-Sale-Sale-Handbags-Cheap-Clothing.html>Gucci Purses Sale</a> in the current two-year budget, which is expected to hit nearly $116 million by the middle of next year. All of the estimates are subject to further revision depending on exactly how much the state spends <a href=http://www.aec-ist.com/css/Gucci-Belts-Sale-Baby-Men-Belts-Women-Sunglasses.html>Men Gucci Belts</a> in coming months and how closely future tax collections come in relative to estimates used to building the budget. The Legislature will write the next two year budget next year.

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