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HOT or NOT October/November: What’s trending in housing right now
“Refinances: The refi volume probably will grow to $180 billion in 2019’s third quarter, the highest since the $265 billion of refis in 2016’s fourth quarter, according to MBA data. Build to rent: Homebuilders are now catching onto the trend and building homes for rent, rather than building to sell. Buyer’s market: First American Chief Economist Mark Fleming explained that as interest rates decline, which he predicts they will throughout 2019, homebuyers’ house-buying power would increase to 13.35, the highest in the history of the series, which dates to the year 2000.”