QUOTE OF THE WEEK

Quote

“A key underlying problem for current housing demand is lack of household formation due to many factors, including unemployment, falling birth rates, lower net migration and greater home-sharing, especially among millennials. However, we could see lenders become the most influential decision-makers in this situation. Many lenders are hurting for business, with applications at their lowest level since 2000, and some may become more forgiving, accepting lower credit scores for loans.”

~Mike Orr, ASU’s WP Carey School of Business

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