How the U.S. Economy is Driving Housing Demand

A strong economy that drove the housing demand beyond the availability of supply defined the first half of 2018 for the industry, according to a Carrington Mortgage Holdings webinar giving a mid-year snapshot of the housing market in 2018 while delving into the question of whether the market was headed for another bubble and foreclosure crisis. Looking at the foreclosure market, Carrington said that the remnants of the foreclosure crisis were concentrated in a few states and fewer foreclosures were going to REO. Looking at the rest of the year, Sharga said that the market could end the year with historically low levels of mortgage delinquencies.

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Source: M Report

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