Fannie Mae's Home Purchase Sentiment Index reported another split between homebuyers who are losing confidence due to rising prices and confident sellers, who are cashing in on a market with limited supply.
Fannie Mae's Economic and Strategic Research Group predicts the housing industry will become a powerful driver of inflation over the next year and a half.
69% of lenders believe profit margins will decrease in the months ahead, while 19% believe profits will remain the same, and 11% believe profits will increase.