By Jann Swanson | Mortgage News Daily
Will the homeownership rate fall below 50 percent? Not a question most housing industry stakeholders want to think about, but some analysts are speculating that it could happen. Freddie Mac, in its June edition of Outlook, takes a look at some of those predictions.
The company’s economists start out by reiterating their oft-stated conviction that 2016 will be the best year for housing in a decade. Despite a generally weak economy they expect housing to “be an engine of growth,” with residential investment providing a direct boost and higher home equity contributing to consumer confidence and leading to higher consumer expenditures. But they concede that the outlook for homeownership is mixed.
