Mortgage Lenders Expect the Housing Market to Worsen in 2023

First Tuesday Journal, Nov. 14, 2022–Carrie B. Reyes
Following record lender profits in 2021, 2022 has mortgage lenders packing their bags and heading for the exits. The Mortgage Bankers Association believes the U.S. will enter a recession in the first half of 2023. The MBA expects national home prices will flatten in 2023-2024, with some regional markets to decline (by most accounts a fairly optimistic forecast).