— Mortgage Bankers Association
In late June, the Mortgage Bankers Assn. lowered its forecast for combined new and existing home sales in 2014 to 5.28 million — a decline of 4.1% that would be the first annual drop in four years. The group also cut its prediction on mortgage lending volume for purchases to $595 billion, an 8.7% decrease and the first retreat in three years.
http://www.bloomberg.com/news/2014-06-20/housing-falters-as-forecasters-see-u-s-sales-dropping.html
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