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A Market of Contradictions: Turning the Corner of the Summer Market with Leading Economic Indicators

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  • William Matz | | 11 Aug 2012, 09:22 AM Agree 0
    This otherwise excellent and comprehensive article overlooks one critical factor affecting the housing market. For 18 months foreclosures have been restrained due to the robo-signing scandal and resultant attorney general investigation/settlement. Now that the settlement has been concluded, foreclosures are resuming and predicted to rise by 25%. That will create more activity at the lower end of the market, with the effect of reducing median prices. To the extent that news of lower median prices affects consumer confidence due to inaccurate media reporting, the impending median drop may well have undeserved ripple effects.
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