Redfin, Seattle, released predictions from its economists for next year, anticipating there will be more sales due to pent-up demand, but some Americans hoping to buy will still be priced out.
Tag: Forecast
Urban Land Institute: 2024 Will Continue to See Challenges, but Optimism Ahead
The Urban Land Institute, Washington, released its Real Estate Economic Forecast for Spring 2024. Among the major takeaways–while 2024 is seeing a solid economy, high interest rates continue to weigh on the industry.
MBA Forecast: Commercial/Multifamily Lending Expected to Fall 46% to $442 Billion in 2023
Total commercial and multifamily mortgage borrowing and lending is expected to fall to $442 billion this year, which is a 46% decline from 2022’s total of $816 billion. This is according to an updated baseline forecast released today by the Mortgage Bankers Association (MBA).