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Arch MI’s Spring HaMMR Predicts “Slow Return to Long-Term Average Levels of Affordability” in 2021
April 8, 2021 GMT
GREENSBORO, N.C.--(BUSINESS WIRE)--Apr 8, 2021--
While 2020’s final housing figures confirm it was a year of high demand and record-low inventory, 2021 is likely to mark a return to more normal levels of home-price growth, according to the Spring edition of
The Housing and Mortgage Market Review (HaMMR), released today by Arch Mortgage Insurance Company (Arch MI), a leading provider of mortgage insurance.
Rates are expected to continue to rise, while the unprecedented demand for housing driven by COVID-19 will probably decline over the year.