(Reuters) - "If you combine the drop in affordability, the slowdown in
job growth, the still-good demographics for housing and the
continued pull-out of investor demand, we expect housing
activity to continue to fall this year," he said on the
company's 2007 Economic and U.S. Mortgage Market Outlook
conference call.
An increase in mortgage rates over the past few months,
particularly in the past month, will soon have an additional
negative impact on housing demand, he said.
Read more at Reuters.com Bonds News
job growth, the still-good demographics for housing and the
continued pull-out of investor demand, we expect housing
activity to continue to fall this year," he said on the
company's 2007 Economic and U.S. Mortgage Market Outlook
conference call.
An increase in mortgage rates over the past few months,
particularly in the past month, will soon have an additional
negative impact on housing demand, he said.
Read more at Reuters.com Bonds News
No comments:
Post a Comment