Morning Minute: NAR expects moderate gains in home sales in 2016

The National Association of REALTORS® (NAR) has released a new video forecast outlining this year’s U.S. housing market expectations. NAR Chief Economist Lawrence Yun says ongoing economic factors such as rising mortgage rates, slower economic growth and global issues will impact real estate, but the housing market is still expected to experience modest sales gains in 2016. Read more and watch the video.

In other headlines:

Is HELOC demand about to skyrocket? – HousingWire

Strong Housing Sector Trumps Tighter Monetary Policy in 2016 – Freddie Mac

10 Home Renovations That Offer the Best (and Worst) Return on Investment – realtor.com

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