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MBA chief economist addresses industry challenges in House testimony

Mike Fratantoni, the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. House of Representatives‘ Financial Services Subcommittee on Housing and Insurance. 

The biggest challenge in today’s housing market is the lack of inventory, Fratantoni said in his written statement on Wednesday.

“While the demographic fundamentals of the market continue to support strong housing demand for the next several years, the market is millions of units short of details ⇒

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