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Don’t expect a drastic housing market turnaround in 2023, Fitch Ratings says

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. The brutal low origination volume and industry consolidation that occurred for lenders in 2022 isn’t expected to turn around, at least not drastically, in 2023, according to Fitch Ratings

“Our outlook for mortgage originators and servicers is deteriorating,” Shampa Bhattacharya, the director of the financial institutions group at Fitch Ratings, said during a non-bank financials outlook webinar on Wednesday.

Fitch Ratings expects a challenging 2023 — at least in the near term — while details ⇒

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