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Fannie Mae forecasts a slow rise in existing home sales and new single-family housing starts amid lower mortgage rates and strengthening sentiment.
Robust performance marks growth for both Fannie Mae and Freddie Mac, despite a dip in home purchases.
Consumer sentiment about actually buying a home, however, is pessimistic.
Economists anticipate gradual restoration of balance, expect Federal Reserve rate cuts to commence in May 2024.
Housing market to see growth in single-family mortgage originations, despite ongoing economic uncertainty.
Fannie Mae's Home Price Index reveals an increase despite a quarterly slowdown, as affordability challenges persist in a supply-constrained market.
