Despite a resilient housing market, the group forecasts a subdued growth into 2024; cites "higher for longer" stance by Federal Reserve on inflation.
Tagged: Fannie Mae
September's HPSI drops to 64.5, with 84% of consumers deeming it an unfavorable time to buy.
Fannie Mae Survey: 73% of lenders now prioritize operational efficiency through AI and ML, marking a significant shift from 42% in 2018.
Industry experts praise the decision, foreseeing opportunities for increased affordability and growth in real estate investments.
The new platform, HomeView en EspaƱol, aims to bridge language barriers hindering Hispanic-Americans from purchasing homes..
Fannie Mae's ESR Group anticipates minor economic contraction amid waning inflation and rising mortgage rates; housing market to stay subdued through 2024.
Fannie Mae and Freddie Mac exhibit contrasting risk trajectories, while purchase loans dominate in a high-interest rate environment.
Fannie Mae's HPSI paints a complex picture with 66% of consumers ready to sell, but only 18% seeing it as a buying opportunity amidst historic mortgage rate highs.
Fannie Mae's ESR Group foresees challenges in the housing market regardless of the economy's trajectory, with mortgage rates and inflation playing pivotal roles.
Victory comes after a previous trial ended in a hung jury.