Housing market is the 'strongest' it's ever been: Mortgage Bankers Association board member
Real estate expert projects $1.7 trillion purchase market in 2022
Housing market is the ‘strongest’ it’s ever been: Real estate expert
Mphasis Digital Risk co-founder and Mortgage Bankers Association board member Jeff Taylor gives his assessment of the housing market.
During an interview on "Mornings with Maria" Mortgage Bankers Association board member Jeff Taylor said the housing market is the "strongest it's ever been," coming off of a red-hot $3.9 trillion purchase market in 2021.
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JEFF TAYLOR: So right now, the housing market's probably the strongest that it's ever been. We're coming off a $3.9 trillion year in 2021. And as we head into 2022, the key stat that we're looking at is we're projecting a $1.7 trillion purchase market. To get perspective, this is the strongest purchase market in the last 25 years. And with home equity at all-time record highs at $23 trillion, this is as strong across the nation as we've seen the housing market in the last couple of decades.
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