Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
CMG MI Quarterly report on housing mortgage market
SAN FRANCISCO (8/3/12)--The latest quarterly Housing & Mortgage Market Review issued by CMG Mortgage Insurance Co. (CMG MI) presents a U.S. housing market on the upswing and potentially past the bottom for both home sales and prices.

The report, written by economist Ralph DeFranco, University of California, Berkeley, analyzes key regional and national market data to support the view that leading indicators of home sales continue to trend upwards  and that growing pent-up demand, record affordability and a rapidly falling supply of houses for sale point to a sustainable turnaround in home prices.

Although the report cautions that the continuing European economic crisis may negatively impact the recovery, DeFranco writes that many of the frequently mentioned housing market concerns are overblown. He predicts that "the housing market rebound will be stronger than conventional wisdom is forecasting, at least in many markets."

The report also presents the latest Housing Appreciation Risk Index and a regional roundup of employment, delinquencies and house prices.

"CMG MI's Housing and Mortgage Market Review is a valuable tool for real-estate-lending credit unions," said Jill Estep, CMG MI senior vice president and co-general manager. "It delivers an expert analysis of the various data and makes sense of what's going on in the industry, especially at this crucial time."

To view the report, use the link.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
11 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
11 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
14 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
15 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
16 hours ago