Housing Market Research Paper

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Housing Market Shari L Kraus XECO/212 February 10, 2012 Kristin Paul Introduction Purchasing a home is one of the biggest decisions you will ever make. There are many things to consider, such as interest rates, the GDP, mortgage rates, and so much more. These tools can help you figure the best time to purchase your dream home. The government bodies that influence national policies that potentially affect the housing 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 banks that supply the money to lenders, making sure they are loaning out the money 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 provide better housing standards and conditions (Oppapers.com).…show more content…
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 average of 6.0 percent in 2012.Housing starts are expected to continue to grow, going 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

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