Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JSF
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Request a demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Structured Finance
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a demo
  • Log in
The Journal of Structured Finance

The Journal of Structured Finance

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JSF
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

Housing Outlook Brightens for 2013 and Beyond

Celia Chen, Cristian de Ritis and Mark Zandi
The Journal of Structured Finance Winter 2013, 18 (4) 29-43; DOI: https://doi.org/10.3905/jsf.2013.18.4.029
Celia Chen
is a senior director at Moody’s Analytics in West Chester, PA.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: celia.chen@moodys.com
Cristian de Ritis
is a senior director at Moody’s Analytics in West Chester, PA.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: cristian.deritis@moodys.com
Mark Zandi
is chief economist at Moody’s Analytics in West Chester, PA.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: mark.zandi@moodys.com
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Click to login and read the full article.

Don’t have access? Click here to request a demo 
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600

Abstract

The housing market is on a recovery path. Home sales are gaining, with sales of existing homes running at their fastest pace since 2010; house prices are rising, and the months of supply of existing homes are falling; months of supply of new homes are stable at a low 4.5 months. Barring a slide back into recession, the housing recovery will pick up momentum, and the homeownership rate will stabilize. Low mortgage interest rates, pent-up demand for housing, and increasing confidence that the housing recovery is here to stay will offset weaker job growth. Investor demand will also help drive up home sales throughout early 2013. House prices will remain the laggard, dipping slightly before hitting a sustained and solid pace of appreciation in 2013. The housing recovery will be in full swing by late 2013, adding to overall expansion. The major downside risk for housing is that the broader economic expansion could be derailed, either by the full force of the fiscal cliff or an unraveling of the eurozone. Job growth is essential to housing’s health. The main upside risk in the near term centers on the foreclosure outlook. A slower-than-expected increase in disposition of distressed homes would support house prices in the near term but would also dampen price appreciation over the long term.

TOPICS: MBS and residential mortgage loans, financial crises and financial market history

  • © 2013 Pageant Media Ltd
View Full Text

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Structured Finance: 18 (4)
The Journal of Structured Finance
Vol. 18, Issue 4
Winter 2013
  • Table of Contents
  • Index by author
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Structured Finance.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Housing Outlook Brightens for 2013 and Beyond
(Your Name) has sent you a message from The Journal of Structured Finance
(Your Name) thought you would like to see the The Journal of Structured Finance web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
Housing Outlook Brightens for 2013 and Beyond
Celia Chen, Cristian de Ritis, Mark Zandi
The Journal of Structured Finance Jan 2013, 18 (4) 29-43; DOI: 10.3905/jsf.2013.18.4.029

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
Housing Outlook Brightens for 2013 and Beyond
Celia Chen, Cristian de Ritis, Mark Zandi
The Journal of Structured Finance Jan 2013, 18 (4) 29-43; DOI: 10.3905/jsf.2013.18.4.029
del.icio.us logo Digg logo Reddit logo Twitter logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • SLOW AND STEADY HOUSING GROWTH
    • HURRICANE HICCUP
    • SUPPLY SHRINKING
    • MORTGAGE MARKET STEADILY IMPROVES
    • NEW ORIGINATIONS STRONG, DRIVEN BY REFINANCING
    • MORE BORROWERS MAKING PAYMENTS
    • DEFAULTS WILL REMAIN ELEVATED
    • HOME EQUITY LOSSES KICKED DOWN THE ROAD
    • PRIVATE MORTGAGE MARKET RECOVERY REMAINS DISTANT
    • ORIGINATIONS SET TO GROW AS NEW LOAN PERFORMANCE SHINES
    • U.S. IS READY FOR RECOVERY
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
reply@pm-research.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Log In
  • Update your profile
  • Give us your feedback

© 2023 With Intelligence Ltd | All Rights Reserved | ISSN: 1551-9783 | E-ISSN: 2374-1325

  • Site Map
  • Terms & Conditions
  • Cookies
  • Privacy Policy