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Mortgage News for Tuesday - April 1, 2003

More Mortgage News
• Housing Numbers a Good Sign for Remodeling
• Through The Years
• Predictions
• Pundits
Mortgage News
Predictions - 2003-04-01
A judgement of any great magazine is its willingness to present a vision of the future through the eyes of its industry and its editorial staff. For 25 years, we've reported and made predictions regarding every facet of the housing industry.

[outcome] Old-timers still get woozy and feverish when they think about the recession of the early '80s, when starts dipped to a record-low 1.062 million (and only 662,000 single-family), while 30-year fixed-mortgage interest rates peaked at 16.63 percent.
Read the full story at Builder Online
 
Pundits - 2003-04-01
When we approached 10 well-known "pundits" to comment on housing's progress in the last quarter century and its future outlook, we had no trouble finding a common thread.

The nation is better-housed today than at any time in history, with more than 68 percent of households owning a home. But despite low interest rates and a vibrant secondary mortgage market, the income of a growing crowd of Americans can't match appreciation in home prices.
Read the full story at Builder Online
 






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