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Freddie Mac: Affordability to hold back home sales in 2017

The squeeze in housing inventory is sending home prices even higher, creating declines in affordability and putting a pinch on prospective homebuyers. Freddie Mac also predicted a drop in mortgage originations of 25%, however the report showed this will come almost entirely from plummeting refinances. Source: http://www.housingwire.com/articles/39708-freddie-mac-affordability-to-hold-back-home-sales-in-2016
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