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Doug Duncan, Fannie Mae’s SVP and Chief Economist, noted that “respondents continue to cite high home prices and unfavorable mortgage rates as the primary reasons for their pessimism.”
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Consumer Poll Predicts Housing Market Activity Slowdown
Responses to a recent Fannie Mae survey show high mortgage rates are contributing to near-all-time low optimism among potential buyers and sellers.
Read More »Consumers Report Continued Housing Market Pessimism
A new Fannie Mae report finds consumer confidence declining to the lowest level seen in the report’s 11-year history.
Read More »Industry Survey: Personnel Costs Driving Up Mortgage Overhead
In response to the additional stress on their balance sheets, some mortgage industry firms have announced layoffs, ceased specific products, or shuttered all together.
Read More »Q3 Home Price Growth Decelerates Sharply
As Fannie Mae predicted in the second quarter of 2022, home price growth decelerated sharply during the third quarter, which fell in-line with a sharp rise in mortgage rates, further proving that the current rate and home price environment is weighing on affordability.
Read More »Fannie Mae Projection: ‘Modest Recession’ on the Horizon
Fannie Mae’s Economic and Strategic Research Group has found that due to inflation, monetary policy tightening by the Federal reserve, and a slowing market will tip the economy into a “modest recession” during the first quarter of 2023.
Read More »Fannie Mae Continues to Forecast 2023 Recession
According to new research from Fannie Mae’s Economic and Strategic Research Group (ESR), the housing market is expected to further cool as mortgage rates continue to rise and continues to predict an official recession conditions in 2023. According to the ...
Read More »Fannie Mae Chief to Receive Award for Forecast Accuracy
As economic uncertainty continues amidst market turmoil and talks of recession, Fannie Mae Senior Vice President and Chief Economist Douglas G. Duncan predicts a modest recession, characterized by competing effects of inflation and a strong labor market. Duncan will deliver ...
Read More »Fall in Housing Permits Gives Way to Rise in Multifamily Construction
HUD and the Census Bureau reported housing starts dipping 9.6% below their revised June estimate, as erratic mortgage rates, supply chain concerns, and high prices mount to create housing affordability challenges.
Read More »Housing Inventory Experiences Growth
The number of unsold homes in July increased for the first time since 2019, climbing by a record 30.7% year-over-year, according to Realtor.com.
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