Tag Archives: Economic Forecast

After interviewing over 100 highly placed and senior housing experts, most were positive and optimistic about future home price growth during calendar year 2024 and 2025.

NAR reports that pending home sales nationwide rose in June, increasing in the Northeast and Midwest, while the South and West reported declines for the month.

“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.

Even though home price growth has fallen into the single digits, January posted positive gains for the one-hundred and thirty-second consecutive month.

A new study from Bank of America revealed 73% of Gen Z reported that the current economic environment has made it more challenging to save. Many respondents said inflation has created even more financial stress, while surging rents or home prices have made it harder to afford day-to-day necessities.

For the first time, Fannie Mae has released an outlook for 2024 which predicts a modest improvement over 2023, in which the market should bottom out during the second quarter.

In efforts to further combat the nationwide housing affordability crisis, JPMorgan Chase has announced $3 million in grants for five organizations across the U.S. to expand climate resilient affordable housing for Black, Hispanic, and Latino households.

On Thursday, an economic and housing outlook report was released—reporting November 2017 economic developments and forecasts. What’s the status of the market? And what’s to come for the future?

With both Fannie Mae and Freddie Mac downwardly revising their projected economic growth for the full year of 2016, what do they expect for housing?

Why is the outlook for housing so bright for 2016?