Tag Archives: Economic and Strategic Research (ESR) Group

As 2023 draws to a close, Fannie Mae predicts that single-family home sales have likely bottomed out and should grow into the next year.

Home sales are likely to weaken in the near term and will likely bottom out sometime early next year, according to new commentary from Fannie Mae’s Economic and Strategic Research Group.

“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.

A new Fannie Mae Perspectives Blog surveyed a wide range of individuals on what “living the good life” means, as 86% of respondents cite homeownership as one of the key factors in their overall happiness.

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.

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.

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.

"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.

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.

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 ...