MReport July 2021

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT FINAL THOUGHTS A New Dawn As the country emerges from the grips of a global health crisis and businesses reopen, the housing market—which has been barreling along for months—shows some signs of letting up steam, many homebuyers and owners are more carefully considering their options, and leaders are preparing for what comes next. "transformative year" Oisin Hanrahan, CEO of Angi, discussing homeowners' $6 billion worth of spending on home improvements. "100 miles per hour" Redfin Chief Economist Daryl Fairweather on the pace of price and pending home sales prior to a slight monthly deceleration. "loosening of social ties" Redfin lead economist Taylor Marr on the motivations of homebuyers who have moved to new cities. "swift allocation" Department of Housing and Urban Development Secretary Marcia Fudge discussing $5 billion in American Rescue Plan funding for HUD to create affordable housing. "highly unusual" Todd Teta, Chief Product Officer at ATTOM Data Solutions on a quarterly increase in lending activity.

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