Fannie Mae Predicts Modest Recession In New Year
According to Fannie Mae's ESR Group, housing and mortgage markets are not expected to recover until 2024.
According to Fannie Mae's ESR Group, housing and mortgage markets are not expected to recover until 2024.
The GSE says a modest recession is expected to enter and exit throughout 2023, with home sales rebounding in the end of Q2 2023
Has the Fed done enough to get the economy under control, or could market conditions push mortgage rates up further?
Fannie Mae's ESR Group predicts housing will cool further as mortgage rates spike.