MReport September 2019

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT FINAL THOUGHTS Sign of the Times The current state of the U.S. housing market is in flux. Home prices continue to rise, inventory is falling, and affordable housing is harder and harder to come by. "inadequate" The National Association of Realtors' Chief Economist Lawrence Yun reacts to the supply of moderately priced homes, as reported in July's home-sales report. "cooldown flattening or even reversing course" CoreLogic Deputy Chief Economist Ralph McLaughlin comments on the current state of the housing market and what is expected in the months to come. "can't buy what's not for sale" First American Financial Corporation's Chief Economist Mark Fleming, in response to a report on the tenure of homeowners increasing. "degrade household wealth" Doug Duncan, SVP and Chief Economist at Fannie Mae, describes what could happen to home prices if trade tensions continue between the U.S. and China. "anemic" The New York Fed's August report on the economy, discussing home starts and single-family permits.

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