Residential Mortgage Market Growth prospects Mar-2017
Category Market News
Late in 2016, bonded home transactions were in a state of decline, both in terms of volume and value, according to our estimates taken from Deeds data. Other data, such as the Value of New Residential Mortgage Loans Granted, as published by the NCR and the SARB, also pointed to a year-on-year rate of decline. This was to be expected, given the rise in interest rates from early-2014 to early-2016, and given a multi-year economic growth slide all the way to a mere 0.3% by 2016.
2017 doesn’t promise huge excitement in the Residential Mortgage Market, but we do pencil in a possible return to mild positive growth in bonded home transactions as certain leading economic indicators turn for the better.
Author: John Loos
