We can expect to see the U.S. housing market cool off as we move into 2014 for a number of reasons-some economic, some specific to the housing market itself. And the implications are significant for companies in the default services industry.
First, demand is relatively weak, Second, credit is tight, Third, a lot of the price increases we saw in 2013 were due to circumstances that won't be repeated. So 2013 was clearly a seller's market, and probably the last time we'll see the combination of historically low interest rates and lower-than-normal home prices for a while. In 2014, we'll probably see about the same volume of sales. In the meanwhile, on a positive note for the housing market delinquency and default rates continue to decline read more.
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