Fitch exec: Housing recovery is here — and it’s unstoppable: VIDEO

New York /
Jan.January 18, 2013 11:00 AM

The housing recovery is here and it cannot be stopped, only moderated, Robert Curran, managing director and lead homebuilding analyst at New York-and London-based Fitch Ratings, told Reuters. Curran is joining an ever-larger chorus of experts predicting the both home price and home sales will rise this year, providing that no unforeseen economic
disaster strikes.

“Last year was clearly an up year for the major housing macros, a lot of things came together very nicely and we have come off of a very low low,” Curran said. “I don’t think there are major risks to the recovery. There are issues that could moderate the level the further recovery that we are experiencing in 2013. But short of a meaningful economic recession, I think we are still in tact.”

However if the Federal Reserve ends its policy of buying commercial mortgage-backed securities in order to keep interest rates artificially low, it would certianly have a major negative impact on the recovery going forward. [Reuters]Christopher Cameron


Related Articles

arrow_forward_ios
Apartment REITs that own Class B and C properties and those in gateway cities will see net income fall through 2021 (iStock)
Urban flight, job losses will hurt apartment REITs: Report
Urban flight, job losses will hurt apartment REITs: Report
(iStock)
Remote work threatens cash flows for office REITs
Remote work threatens cash flows for office REITs
Missed loan payments will approach Great Recession highs, a new report finds (Credit: iStock, Getty Images)
Missed loan payments to approach Great Recession levels: Fitch
Missed loan payments to approach Great Recession levels: Fitch
Mexico Beach, Florida, in the aftermath of Hurricane Michael in 2018 (Credit: Getty Images)
Fitch to include natural disasters risks to RMBS ratings
Fitch to include natural disasters risks to RMBS ratings
Fitch upgrades CMBS debt on 7 WTC
Fitch upgrades CMBS debt on 7 WTC
Fitch upgrades CMBS debt on 7 WTC
Here’s how much money the GM Building makes
Here’s how much money the GM Building makes
Here’s how much money the GM Building makes
SL Green Realty
Despite competition, debt concerns, SL Green outlook “stable”: Fitch
Despite competition, debt concerns, SL Green outlook “stable”: Fitch
Wichita Falls, Texas
25 “hidden gem” real estate markets around the U.S.
25 “hidden gem” real estate markets around the U.S.
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...