MBA Forecasts Increase in Existing Home Sales

January 18, 2012, The Mortgage Bankers Association (MBA) released their monthly Mortgage Finance Forecast.  In their forecast the MBA made the following predictions for Existing Home Sales for next several years.

By Year-End 2012, the MBA expects existing home sales to rise to a seasonally adjusted annualized rate of 4.46 million which represents an increase of roughly 6.0% compared with the most recent quarter.

By Year-End 2013, the MBA expects existing home sales to rise to a seasonally adjusted annualize rate of 4.85 million which represents an increase of roughly 16.3% compared with the most recent quarter.

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