Are We Headed For A Recession?
looks ahead to next week's Federal Reserve meeting
looks ahead to next week's Federal Reserve meeting
Fannie Mae’s Economic and Strategic Research Group forecasts real GDP will increase 0.1% in 2022 and decrease 0.4% in 2023.
As the market adjusts to a post-pandemic norm with higher mortgage rates, housing market potential will subside from recent highs, according to First American.
The increase to nearly $60 billion breaks a three-year-long streak of decline.
Confidence, sales and HMI points all plummeted during the month of July.
High mortgage rates are keeping homebuyers reluctant, leading to declining home sales and a build-up of supply.
Nearly 15% of home purchase agreements fell through in June, hinting that buyers are taking more time to re-negotiate.