TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/1494596
64 | TH E M R EP O RT FINAL THOUGHTS Navigating Market Challenges In this month's Final Thoughts, Five Star hears from experts on the current state of the housing market, market predictions, and some of the challenges homebuyers will face in 2023. "big rewards" Redfin Economics Research Lead Chen Zhao on the homeowners benefiting from purchasing during the pandemic housing boom. "bottoming out" National Association of Realtors Chief Economist Lawrence Yun discusses home prices, market affordability, and lower-priced regions witnessing modest growth, leaving more expensive regions to experience declines. "stirring homebuyers to act" Mortgage Bankers Association VP and Deputy Chief Economist Joel Kan details just how many applications for new home purchases there were in January, which was also a strong month for single-family housing completions. "conditions considered poor" First American Deputy Chief Economist Odeta Kushi discusses the conditions of homebuilder sentiment and whether there are signs of improvement. "pushed to the sidelines" Co-Founder and CEO of Flyhomes Tushar Garg on inflation and the difficulties homebuyers are facing amid high interest rates and home prices.