Over the last few weeks, markets have increasingly—and perhaps reluctantly—reflected the resolve of the Fed to lower inflation via rapid tightening of monetary policy," said Doug Duncan, Fannie Mae SVP and Chief Economist.
Read More »Housing Sentiment Slips Again, Nears Record Low
According to Fannie Mae's Home Purchase Index, the percentage of Americans that believe now is a good time to buy a home decreased alongside those who expect mortgage rates to go down in the next year. Meanwhile, the percentage who say it is a bad time to buy increased to 75%.
Read More »Consumers Continue to Express Pessimism About Homebuying Conditions
The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 0.8 points in August to 62.0, the sixth consecutive monthly decline of the index, according to their latest report. Surveyed consumers ...
Read More »Housing Starts Slip Amid Economic Headwinds
Housing starts fell further than anticipated in July, as multi-family becomes a bright spot with builders adapting to a growing rental market.
Read More »Housing Inventory Climbs for Third Consecutive Month
Realtor.com reports that the inventory of for-sale homes increased across the 50 largest metros by 41% in July.
Read More »GSE Survey: Homebuyer Confidence Continues to Wane
A new survey from Fannie Mae finds that homebuying confidence has fallen for the majority of the year.
Read More »Survey: Lenders Tightening Budgets
Doug Duncan, SVP and Chief Economist at Fannie Mae, comments on the most recent Mortgage Lender Sentiment Survey, which found that major lenders are working on cutting costs amid a tumultuous real estate market.
Read More »Fannie Mae Index Examines Refi App Activity
Fannie Mae’s new index provides two measures: volume of unpaid principal balance in dollars and a loan count. The RALI sources data from Fannie Mae’s Desktop Underwriter to show both the past week’s refinance application trends and prepayment projections.
Read More »Fannie Mae Predicts Recession Conditions in Early 2023
The research arm of Fannie Mae has moved its recession prediction from the second to the first quarter of 2023. Here are insights from Chief Economist Doug Duncan.
Read More »Home Price Growth Continues to Wow
Prices grew at an annualized rate of over 19% last quarter, further pressuring homeseekers to make every penny count.
Read More »