April 18, 2012

Arlington, Va. -- During the Home Improvement Research Institute Spring Conference, the Mortgage Bankers Association (MBA) forecast a 2.3% gain in 2012 existing home sales.

In a “Mortgage Market Outlook” presentation, Mike Fratantoni, VP of single-family research for the MBA pointed to the 2012 forecast of 4.391 million existing home sales, up 2.3% from 2010. The forecast for 2013 is for 4.646 million.