Fannie Mae economists not quite as gloomy about 2023 home sales outlook as mortgage rates retreat from 2022 highs and with potentially more room to ease
Fannie Mae's National Housing Survey shows consumers remain concerned about factors, including the outlook for home price declines, mortgage rates and access to mortgage credit
Sales expected to drop to lowest level since 2008, and the growing lock-in effect — the financial disincentive to sell — 'will remain in a way that has not occurred in over 40 years,' economists say
Only 16% of those surveyed by Fannie Mae in October said it was a good time to buy a home, and the percentage who said it's a good time to sell also fell, according to new data released Monday
Economists at Fannie Mae project national home prices to decline by 1.5% and home sales by 21% in 2023 as Fed continues inflation fight
Survey shows homebuyer sentiment falling for the 7th month in a row as high home prices and mortgage rates weigh on affordability, according to Fannie Mae’s latest National Housing Survey
Economists expect 5.78 million homes to change hands this year, representing a 16.2% decline from a year ago — a steeper drop than the 15.6% pullback forecast in July
'Buyers are backing off due to rising housing costs and sellers are holding back because they realize they won't get the bidding war they would have gotten six months ago,' said Taylor Marr
Fannie Mae finds 81% of Americans think the economy is on the wrong track, but the share of consumers who think it's a good time to buy ticked up in June
Higher mortgage rates are now 'housing market's primary constraint,' economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5% this year
Only 17% of Americans surveyed in May said it was a good time to buy a home, breaking previous record lows of 19% seen in April and 24% in March
Not until next year do Fannie Mae's Economic and Strategic Research Group economists expect to see a ‘a large deceleration in home price growth,’ with some regions likely to see price declines
A record low 19 percent of Americans say it's a good time to buy a home, according to a monthly survey Fannie Mae's been conducting since 2010
Fannie Mae economists say a recent runup in mortgage rates and home prices could help cool home price appreciation, without putting a major dent in home sales
Affordability and supply constraints seen as limiting opportunities, particularly for younger buyers