Tag Archives: Doug Duncan

Will a positive economic growth trajectory favor first-time homebuyers in the year ahead? A report finds out.

Is 2018 likely to end up a disappointing year for the housing and mortgage industries? A Fannie Mae report finds out.

The economy and job market are set to continue to grow, but will that be enough to boost the housing market? Here’s what Fannie Mae’s latest report revealed.

Fannie Mae has released a report forecasting growth for the year 2018 and 2019, re-calibrating prior predictions in light of inventory shortages, mortgage rates, and trade tensions. Find out what’s changed and what hasn’t.

The good news is that in April, the unemployment rate fell below 4 percent, a first since 2000, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. So what’s the bad news?

As summer heats up, so is the housing market. According to the most recent Fannie Mae Home Purchase Sentiment Index (HPSI), more and more Americans feel it is ...

Discouraging results in the May 2017 Employment Situation are leading experts to believe there could be a rate hike in 2017. Unemployment rates were fairly stagnant and though total nonfarm payroll increased, results were well under predictions. Wage growth showed no improvement. 

Consumer sentiment is up with Americans reporting that their household income is higher than it was 12 months ago, they expect home prices to go up, and they think mortgage rates will go down over the next year.

After months of solid gains with the administration touting that the labor market is at its healthiest level since the turn of the century, payroll employment increases for March fell well short of expectations with just 126,000 jobs added, according to data released the Bureau of Labor Statistics on Friday.

One area where Duncan said needs improvement in order for the prediction of the economy "dragging housing upward" to come true is in the area of wage gains. According to the BLS employment report released last week, the average hourly wage increased from January to February by only 3 cents up to $24.78 – after rising by 12 cents from December to January.