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MortgagePoint ยป Your Trusted Source for Mortgage Banking and Servicing News 80 May 2023 F I N A L T H O U G H T S In this month's Final Thoughts, we look at unpredictability within the current housing market, the effects of inflation, and predictions of future market conditions amid a severe shortage of housing and rapidly rising mortgage rates. "slipped again" Realtor.com Chief Economist Danielle Hale on the drop in existing-home sales, the effects of high inflation, and the Fed's efforts to tame it. "anything but normal" Redfin Chief Economist Mark Fleming discusses market prices and the adjustments needed to conform to current market conditions. "lenders are pivoting" Bob Jennings, Executive of CoreLogic Underwriting Solutions, on navigating industry headwinds and combatting inflation amid increasing home prices. "a long way to go" Veros Chief Economist Eric Fox details the projected future of price moderation within the housing marketplace. "a modest recession" Doug Duncan, Fannie Mae Senior VP and Chief Economist, on expectations in the housing market and the similarities consumers may experience from the 2008 housing crisis. GAUGING THE STATE OF AFFAIRS