Fitch Ratings, New York, said it expects the housing market to weaken further in 2023 as affordability issues, softening economic environment and low consumer confidence continue to erode demand.
Tag: Housing
#MBANAC21: Senators Outline Housing Priorities
Three members of the Senate Banking Committee visited the Mortgage Bankers Association’s National Advocacy Conference to talk about renewed interest in housing priorities in the 117th Congress.
MBA Chart of the Week: Contribution to GDP Growth
This week’s MBA Chart of the Week drills down on the U.S. Bureau of Economic Analysis’ advance estimate of real gross domestic product for the second quarter, which was released July 30.
#MBAServicing2020: For Servicing Industry, A Cautious Economic Outlook
ORLANDO—Low mortgage rates, improved home-building rates and a growing number of people aspiring to homeownership makes for an optimistic formula for the mortgage servicing industry, said Mortgage Bankers Association economists, despite some potential headwinds in the short term.
#MBAServicing2020: For Servicing Industry, A Cautious Economic Outlook
ORLANDO—Low mortgage rates, improved home-building rates and a growing number of people aspiring to homeownership makes for an optimistic formula for the mortgage servicing industry, said Mortgage Bankers Association economists, despite some potential headwinds in the short term.
#MBAIMB20: Mortgage Market Outlook for IMBs
NEW ORLEANS—Last year at the Mortgage Bankers Association’s Independent Mortgage Bankers Conference, the outlook for the economy and IMBs seemed a bit bleaker. “We thought we were going to be chased off the stage,” quipped MBA Vice President of Industry Analysis Marina Walsh.
#MBAIMB20: Mortgage Market Outlook for IMBs
NEW ORLEANS—Last year at the Mortgage Bankers Association’s Independent Mortgage Bankers Conference, the outlook for the economy and IMBs seemed a bit bleaker. “We thought we were going to be chased off the stage,” quipped MBA Vice President of Industry Analysis Marina Walsh.
What $1 Million Gets in Today’s Housing Market
Location, location, location: take a $75,000 bungalow in Garfield Heights, Ohio and plop it down on a 1/3-acre lot in McLean, Va., and it suddenly becomes an $800,000 object of a bidding war.