"Metro markets in southern states will likely outperform others due to faster job increases, while markets in the Midwest will experience gains from being in the most affordable region,” said Lawrence Yun, the NAR’s Chief Economist.
Read More »Homeownership Rate Continues to Grow, Particularly Among Below-Median Income Families
Amid larger macroeconomic uncertainties, the total homeownership rate can be attributed to the strong growth in the below-median income homeownership rate, which has sharply increased since 2016.
Read More »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.
Read More »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.
Read More »Report: Origination Activity to Total $2.7 Trillion in 2022
Due to a litany of factors, Fannie Mae cut their predictions for origination activity, total sales, and GDP for 2022 and 2023.
Read More »Supply Chain, Fuel Prices Weigh on Economy
The speed at which the labor market recovers impacts the economy’s output potential. Short-term energy prices can also impact its growth potential, inflation, and interest rates.
Read More »Just How High Have Home Values Climbed?
The total value of homes in the U.S. is larger than the GDP of two global economies. Click through to find out.
Read More »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 ...
Read More »Home Building Drags as GDP Increases
Despite home building and remodeling's drag on economic growth, real GDP growth exceeded expectations in Q2 2019.
Read More »The GDP Report’s Impact on the Fed
Friday’s release of the gross domestic product could have a large impact on the Fed’s decision to slash interest rates on July 31.
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