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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 latest forecast also projects total mortgage origination activity at $2.44

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Here are 4 macro trends impacting the 2022 housing market

Housing Wire

Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. In the process, a historic $9 trillion of mortgage loans were closed over two years. What are the drivers of housing demand in 2022? 2022 Forecast series.

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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. from December and mortgage rates shot up 30 basis points.

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The secondary market is primed to rise in 2022

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 next year, along with a roundtable discussion on how these insights apply to your business. ation is kicking higher,” said Lawrence Yun, chief economist at the National Association of Realtors.

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Federal Reserve approves interest rate hike of half a percentage point

Housing Wire

“This change had been telegraphed clearly in recent speeches,” said Mike Fratantoni, chief economist for the Mortgage Bankers Association. “Mortgage rates are an incredibly important channel through which Fed policy affects the real economy. . on mortgage rates. economy — which remain highly uncertain.”

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Dave Stevens on understanding this housing market

Housing Wire

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. So when I talk to loan originators today, I harken back to my early days when fixed mortgage rates were over 14% and there were absolutely no refinances to be had.

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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?