Mortgage lenders cited "cost-cutting" as their most important business priority for the second year in a row, according to Fannie Mae's latest Mortgage Lender Sentiment Survey.
Read More »HPSI Remains Low as Limited Supply, Affordability Constraints Persist
Consumer confidence in the housing market may have plateaued, according to Fannie Mae's Home Purchase Sentiment Index (HPSI), which remained mostly flat in June, as shrinking supply and affordability conditions continue to pose challenges.
Read More »Home Prices Propped up by Lack of Inventory
“Housing's performance is a testimony to the strength of demographic-related demand in the face of baby boomers aging in place and Gen-Xers locking in historically low rates,” noted Doug Duncan, SVP and Chief Economist for Fannie Mae.
Read More »Tightening Credit Conditions Could Spur Recession
Fannie Mae is still predicting recession conditions to occur this year due to a slow down in the economy, and a tightening of credit standards.
Read More »Housing Confidence Increases with Upward Trend in HPSI
“This month’s increase in the HPSI was the largest in over two years, primarily driven by consumers’ more optimistic mortgage rate expectations,” said Doug Duncan, Fannie Mae’s SVP and Chief Economist.
Read More »Fannie Mae: ‘Lock-in Effect’ Amplifying Housing Shortages
While mortgage rates and supply constraints persist, the significant lack of housing supply remains supportive of home prices, as prices inched up 1% in Q1 2023.
Read More »Fannie Mae Pushes Back Predicted Recession
Due to stronger economic performance than expected in Q1, Fannie Mae has pushed back the predicted recession to start sometime in the second half of the year.
Read More »Positive Economic Conditions Not Expected to Last
Even with a recession in the forecast, the economy appears to be an unexpectedly good place to start off the year according to Fannie Mae.
Read More »Affordability Remains Chief Consumer Concern
With both home prices and interest rates remaining relatively high, consumer sentiment is being suppressed by these purchase conditions.
Read More »GSE Economist: Housing Activity to be Limited by Rates, Home Prices
"There are economic signals pointing to recession but also signs that a 'soft landing' may be in the offing," said Doug Duncan, SVP and Chief Economist, Fannie Mae.
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