X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO — David Lereah, senior vice president and chief economist for the National Association of Realtors told ACUMA attendees meeting here on April 2 that “the worst is over in housing,” and “housing affordability is improving,” advising credit union mortgage lenders that “opportunities arise when there are crises.” The American Credit Union Mortgage Association’s 2007 annual conference, held at the Marriott Coronado Island Resort, April 1-4, brought some 180 CU mortgage specialists together. They heard Lereah and other speakers advise that the CU share of the US mortgage portfolio can and should break the 2% barrier, despite the problems unfolding in the subprime category. Lereah acknowledged there’s pain in some markets, notably those areas where home prices skyrocketed during the real estate boom years like San Francisco, San Diego, Las Vegas and Manhattan, but said, “you can’t generalize about the whole nation because all real estate is local.” Coincidentally, the title of Lereah’s new book, on the real estate market, released this week, is “All Real Estate is Local.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.