Tag Archives: Forecast

Doug Duncan, Fannie Mae SVP and Chief Economist, forecasts positive things for 2024. But here’s why rates “still have a significant way to go in order to meaningfully reduce the ‘lock-in effect.’”

"The economy is now slowing from the otherwise robust first estimate of third quarter growth," said Doug Duncan, Fannie Mae SVP and Chief Economist.

“These high interest rates have had a great impact on the U.S.’ overall economic performance,” said National Association of Realtors Chief Economist Lawrence Yun. “Statistically, this is much better than the historical average, but if we look at this component, there are some worrying signs in the economy.”

“Annual home price growth regained momentum in July, which mostly reflects strong appreciation from earlier this year,” said Selma Hepp, Chief Economist for CoreLogic.

As workforces are cut, the use of technology to automate specific workflows can be beneficial, while establishing a playbook for when it’s time to go back on the offense.

“While 2023 kicked off on a more optimistic note for the U.S. housing market, recent mortgage rate volatility highlights how much uncertainty remains,” said Selma Hepp, Chief Economist at CoreLogic.

The most recent outlook from the Mortgage Bankers Association expects total origination volume to decline nearly 10% next year. Click through to find what else the MBA is forecasting.

A perfect storm of supply and demand pressures has home prices trending higher to kick off 2022 as economic factors, rates, and new construction work in tandem to temper this rise.

Populous cities Spartanburg, Huntsville, and Tuscon among those expected to experience stronger price appreciation in 2022. Click through for other takeaways from a recent industry Forecast Summit.

Here’s why Freddie Mac’s latest forecast on the economy and the housing market has revised its estimates on mortgage originations and home prices for 2019 and 2020.