MReport February 2020

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT FINAL THOUGHTS Trending Forward? A new decade is in full swing, but many of the same issues that plagued the market—affordability, technological advancements, and the debate over high-density housing—continue to surround the market. "brink of experiencing homelessness" House Financial Services Committee Chairwoman Maxine Waters (D-California) said rising housing costs are causing millions of Americans that opportunity at housing. "major lifestyle shift" A new report by Point2Homes found a change in the mindset among millennial homebuyers is leading to a rise in single-person households. "Simmering geopolitical tensions" Fannie Mae's SVP and Chief Economist Doug Duncan said the economy indeed faces risks in 2020, but expects single-family housing to drive economic growth throughout the year. "homeowners feeling locked" BuildFax's Managing Director Jonathan Kanare spoke about how recent market trends are impacting the housing market, specifically existing homeowners, in 2020. "a good problem to have" Virginia House Delegate Ibraheem Samirah (D) discussed why his House Bill 152—proposed to increase housing density—is needed as prospective buyers are making their way to the Commonwealth with Amazon's pending arrival.

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