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Fears of housing downturn may have been overblown

Fears of housing downturn may have been overblown

New York (CNN Business) – The housing market is flashing signs of a bounce back in 2019.

CNNBusiness

Home sales slowed last year as interest rates rose, and home values, which had risen for years, appeared to peak in many parts of the country.

Low mortgage rates should fuel more demand to buy houses
The government-backed mortgage financing company Freddie Mac said Thursday that mortgage rates held steady at 4.45% last week after dropping for six straight weeks. That’s another good sign.

Builders expect a comeback
Two prominent homebuilders — KB Home and Lennar — also seem more bullish. Both reported their latest earnings last week and their executives expressed optimism about the market outlook during their conference calls with analysts.

More info at CNNBusiness:
Fears of housing downturn may have been overblown

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MBA

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700