After a Year of Housing Market and Economic Unpredictability, What's Ahead?
At the beginning of 2023, the majority of economists predicted a recession. Instead, the U.S. witnessed economic growth and interest rates soared to a 22-year high. Economic experts Marina Walsh, VP of Industry Analysis at the Mortgage Bankers Association (MBA), and Odeta Kushi, Deputy Chief Economist at First American Financial Corporation, discuss how they examine a breadth of economic indicators to make informed predictions for the year ahead.
What You Will Learn
Economic predictions are complex, especially in a world that is still navigating the outcomes of the COVID-19 pandemic. In this video, you'll learn about:
Factors impacting mortgage rates
Current challenges to housing affordability and availability
