In 2015 about 500,000 households that lost their homes to foreclosure or a short sale back in 2007 will, if their finances are sufficiently solid, be able to again qualify for a conforming home loan. In all, over seven million such households will be added back to the pool of potential home buyers between now and 2022, with more than a million households being added in years 2016 through 2019.
Think about that!
By: Elliot F. Eisenberg, Ph.D.
In 2014, the yield curve flattened considerably as long-term interest rates, like the ten-year Treasury bond, fell by about three-quarters-of-one-percentage point while short-term rates were completely unchanged. In 2015, I expect the yield curve to flatten further, but now it will be short-term rates that rise as the Fed pushes them up, while long-term rates rise by a smaller amount because of a clear lack of expected inflation.
Elliot F. Eisenberg, Ph.D.