2024 Forecast

2024 ForecastIn The News

iEmergent Forecasts A Slightly Better Housing Market

At the end of March, the preliminary HMDA data for 2023 was released, so iEmergent has updated its mortgage origination forecast to align with that new information. For 2023, first lien mortgage originations totaled $1.44 trillion, a 37% decline from 2022 and the lowest level since 2014. Moreover, the company expects this year will only be slightly better. The forecast for 2024 is $1.59 trillion, with only a modest increase in purchase volume – mostly driven by loan size increases – and continued low levels of refinances.

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