MReport January 2021

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT FINAL THOUGHTS The Time to Thrive Economists explain how the housing market ended on a high note in 2020 and the market and the economy will continue to grow this year. "buying frenzy"'s Chief Economist, Danielle Hale commented on how the impact of low mortgage rates on the competitive housing market. "strong market condition" Tian Liu, Chief Economist at Genworth Mortgage Insurance, says 2020 closed with booming buying activity, which will likely continue this year. "Folks are migrating" Redfin Senior Economist Reginald Edwards says areas with fewer coronavirus cases per capita will likely draw in new residents. "a positive path" Lawrence Yun, Chief Economist for the National Association of Realtors, says government stimulus could help boost the economy. "best year ever" Tendayi Kapfidze, LendingTree's Chief Economist, wrote that the mortgage originations industry had a fruitful as 2020 came to an end.

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