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Tag Archives: GDP

Housing Market Improvement Predicted in 2024

“Home sales are projected to hit a trough in Q2 2023, at a selling pace of 4.27 million annualized units, as the full effect of higher mortgage rates and the projected recession take hold,” according to a new Fannie Mae forecast.

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Recession by 2023? Fannie Mae Weighs In

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.

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Housing’s Impact on the GDP

Although Q2 2019’s GDP growth of 2.1% exceeded expectations, housing’s share of the GDP declined to 14.6%, according to the National Association of Home Builders (NAHB).  Recording its ...

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