Volume 18 - Number 7
April 4, 2014
Cause for Optimism as Spring Season Begins?
Real estate agents, homebuilders and mortgage lenders alike are hoping the sluggish market really is due to the unusually severe winter seen across the nation – and something not deeper or more systemic. However, the critical spring homebuying season is getting underway, and the next three months may have much to say about whether 2014 will be a break-out year or just a middling performer. “Over the coming months, we believe it will become increasingly clear whether our estimate for a $1.2 trillion to $1.3 trillion market is still achievable or if originations will come in closer to the Mortgage Bankers Association’s long-standing target for $1.1 trillion,” analysts at FBR Capital Markets said recently. “Though we had long expected refinancing volumes to slow as rates rose and the pool of borrowers with an economic incentive...
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