Forecasts, statistics, and estimates relating to the direction in which the mortgage market has been moving since the crisis of 2008 have been mixed and continue to be despite the emergence of a recovery in the sector; banks once again began to lend, interest rates fell, consumer confidence increased and people once again felt secure enough to spend and invest. Industry trends and forecasts since 2012, especially with regards to the construction sector, suggest that the sector has recovered; as the new house starts and total home sales continue to show.
Mortgage debt is the largest form of debt among American consumers. The total value of mortgage debt outstanding in the United States amounted to 15.4 trillion U.S. dollars in 2018. This figure seems set to rise in the future.