"I think buying a house is like having kids; there is never a perfect time," said Nela Richardson, the chief economist of real estate brokerage Redfin.
Some consumers wish they had jumped into the housing market when rates were even lower, but they are only going to go up from where there now, the chief economist of Redfin said.
By 2050, there will no longer be a dominant ethnic population in the U.S. and "the implications for servicers are absolutely significant," says Carmen Bell.
Demographic, cultural and technological changes will reshape customer service in the mortgage business over the next 30 years, a Wells Fargo executive said.
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