“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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The Week Ahead: Gauging Q1 Housing Market Concerns
Tuesday will bring a new look at housing stats to close the first quarter of the year with the market looking to rebound late in Q1 after weather and supply constraints hampered sales early in 2021.
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