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As credit union mortgage departments head into fall, executives may be wondering what current housing market trends mean for the pace of their lending activity. Trends pointed out by experts indicate that pace may soon be picking up speed.

For one, the prospect of the generation behind millennials becoming home owners appears to be excellent. Meanwhile, current market dynamics indicate a robust demand for both single-family and multifamily home activity – single-family sales activity is at the highest level since the Great Recession, closing many potential buyers out of that market and leading them to turn to multifamily.

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