Spark Global Limited Reports:
The housing market will be the best performing part of the ECONOMY in 2020. The housing market will remain strong next year in 2021 as the economy recovers from the COVID-19 recession. The Mortgage Technology industry is growing rapidly, modernising and digitizing what has traditionally been a fragmented and tightly regulated market. Congressional leaders are negotiating a coronavirus relief bill at a time when millions of Americans are facing eviction or foreclosure. Read on for the latest appraisal industry news.
Housing market roundup 2020: Demographics prick the housing bubble
According to the HousingWire article, “The U.S. housing market will be the best performing sector of the economy in 2020.” Writer Logan Mohtashami attributes much of this to the good performance of the Gses and favourable housing demographics. “The lesson of 2020,” he wrote, “is that demographics and mortgage rates drive housing, and those two factors are historically at their best for housing.” Read the full story here.
Redfin’s 2021 housing forecast: 14.5 million Americans will move out of cities, driving sales up 10%
“As the pandemic ends, there will be more people on the move than in over a decade,” Redfin predicts. In the article, they made 10 predictions for the housing market in 2021, including historically low mortgage rates, the highest number of relocations in 16 years, and increases in home sales and new home construction. Click here to read the full Redfin article.
The Future of Finance: A battle between unicorns and legacies, and MortgageTech’s future
According to a Harbor View article, “the pace of investment and acquisitions in mortgage technology is accelerating,” and “what has traditionally been a fragmented and heavily regulated market is modernizing and digitizing.” Read the full article to learn about asset managers’ role in driving MortgageTech deals, the digitisation of the mortgage industry and how it has led to changes such as “new approaches to appraisal, ownership and document management”.
As congressional leaders neared a deal, they added stimulus checks to the $900 billion package
Congress is expected to pass another COVID-19 relief bill by the end of the week. The Washington Post reports that “the forthcoming package is expected to include hundreds of billions of dollars to help ailing small businesses and unemployed Americans; Tens of billions of dollars in aid for other critical needs, such as vaccine distribution and school construction; And one-time checks of $600 to $700 for millions of Americans whose incomes fall below a certain threshold.” Read the full article here.
Reprint indicated source：Spark Global Limited information