Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Mortgage industry expected to stay strong - that is according to the mortgage industry itself.

« Will the licensing keep mortgage brokers from fraud? | Main | TransUnion works on credit repair fraud prevention »

July 13, 2005

Mortgage industry expected to stay strong - that is according to the mortgage industry itself.

The Mortgage Bankers Association thinks that 2005 will be the third best year in history trailing only to 2002 and 2003.

It points out that existing home sales and new home building are remaining strong despite sky high energy prices and ever growing trade deficit. It also expects that the rates will go up, appreciation will slow down somewhat and home sales will rise 2 percent in 2005 nationally to a record level.

Then sales and construction will fall in 2006 and 2007. If not for this last more or less sane prediction, I would remind those who buy into this talk, of all the stock analysts in 1999 and 2000 who kept on saying that everything will be just fine, just keep on buying.

Posted in Mortgages at July 13, 2005 04:42 PM

Email this entry to a friend

Welcome

Bad Credit Advisor online magazine provides daily news about credit, debt and mortgage. We aren't paid to mention specific deals or products. We cover what we think is interesting as industry professionals ourselves.

Information

About
Contact
Disclaimer

Syndicate

RSS 2.0 Feed