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The housing market slowdown has only just begun: Fannie Mae

Housing Wire

Economists at Fannie Mae say the Federal Reserve ‘s fiscal policy is having its desired effect on the housing market – home price growth began to slow in the summer, and the GSE says the housing slowdown will continue through 2023. The mortgage market is projected to slip further to $2.17 month supply, up from 1.6

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Here are 4 macro trends impacting the 2022 housing market

Housing Wire

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market.

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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

annually to $350,000, according to the Friday report from the National Association of Realtors. The supply of homes for sale fell to a record low, down 16.5% months of supply; a healthy market generally has between four and six months of supply. .” January sales fell 2.3% from a year ago.

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Dearth of new construction strains migration hotspot of Alabama

Housing Wire

We are very bullish on Alabama and its long-term prospects,” Jeremy Walker, CEO of the Alabama Realtors Association , said. “We Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. New construction is backed up,” she said.

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The historic multifamily construction boom is already fading

Housing Wire

David Meyer is thankful that his business is still plugging along during the wildest housing market in decades. With mortgage rates hovering around 7% and home prices still at record highs, buyers across America are calling off the house hunt and finding multifamily apartments. . Department of Housing and Urban Development.

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7 Problems to Watch Out for During a Home Renovation

Eppraisal

Supply chain disruptions as experienced in recent times can lead to shortages in construction materials. Construction Project Delays Construction project delays can cost homeowners both time and money. She has also written for publications like National Association of Realtors, Building Enclosure, and McKissock.

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What to Expect from the Real Estate Market This Winter

Eppraisal

Home Buyer Profiles The number of first-time home buyers is growing substantially , according to the National Association of Realtors. Young families are in need of housing so forbidding economic conditions will not be enough to postpone a home purchase. Does this prediction mean a chilly winter for residential real estate sales?