Home / Daily Dose / How Will Policy Changes Impact Housing?
Print This Post Print This Post

How Will Policy Changes Impact Housing?

Fitch Ratings has given a stable housing and mortgage outlook for the US in 2019. However, the ratings agency has said that slower home price appreciation, subdued mortgage lending growth, and U.S. policy and administrative changes at the Federal Housing Finance Agency (FHFA) are likely to present challenges.

In this video that compared the U.S. housing market with 24 other global housing markets, Fitch said that relatively solid sector fundamentals and macroeconomic conditions that support a stable housing and mortgage market would keep the market stable despite other countries seeing much slower growth. Despite this, higher mortgage rates were causing price gains to moderate.

Though limited housing supply fueled the price growth in some U.S. cities, affordability constraints would temper housing demand and help cool overheated markets. "We project U.S. home price growth will slow to 3 percent to 4 percent from 5 percent average in recent years," Fitch said.

Here's how the U.S. housing market compares to other global markets:

About Author: Radhika Ojha

Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas.
x

Check Also

Federal Reserve Holds Rates Steady Moving Into the New Year

The Federal Reserve’s Federal Open Market Committee again chose that no action is better than changing rates as the economy begins to stabilize.