article thumbnail

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

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. That translates to just 1.6

article thumbnail

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.

Marketing 443
article thumbnail

Federal Reserve approves interest rate hike of half a percentage point

Housing Wire

.” As news of the Fed’s decision circulated, the S&P 500, Dow and Nasdaq all rose and extended gains while Realtors, loan officers, mortgage brokers and other industry professionals considered the immediate ramifications on the housing market. economy — which remain highly uncertain.”

article thumbnail

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. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. economy, especially the mortgage and housing sector.

article thumbnail

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?