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Fannie Mae cuts origination forecast for 2022

Housing Wire

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. Fannie Mae dropped its projected origination volume for 2021 to $4.33 trillion from the $4.36 trillion it projected in August.

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Mortgage market affordability and inventory challenges

Housing Wire

In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings. In Seattle, Dan Keller reported 47% of all listings had price reductions. Worker shortages and supply chain issues in the pandemic further widened the inventory gap.

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The Forecast for the Atlanta Real Estate Market in 2024

Hank Miller Team

How can variables like local and national economic conditions, consumer debt, consumer confidence, the Fed, global supply chains, wars and conflict and a hundred other wild cards be corralled? This assumes that no new listings are added to the market. They cannot.

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Insane lumber prices mean new homes cost $24K more

Housing Wire

Policymakers must address building material supply chain issues to help the economy sustain solid growth in 2021.”. A Homesnap report said total new listings increased only.22% 22% in December, while total sales increased 19.29%.

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The nation’s housing market is on a correction course

Housing Wire

Inventories of homes for sale and days on market increased in the last month while growth in listing prices for homes started to soften. Nonetheless, in many markets the shortage of new homes persisted, as did the slowing of new-home completion due to supply chain disruptions.

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Pending home sales drop, but there’s a silver lining

Housing Wire

But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders. These trends, along with an anticipated ramp-up in home construction will provide for much-needed supply.”.

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Raleigh Real Estate Trends + Forecast for 2022

Raleigh Realty

As supply chain issues cause construction material prices to soar, buyers are more likely to consider purchasing a resale home vs. a new construction home. 4,840 new apartments were constructed in Raleigh throughout 2021. As construction material prices continue to rise, costs of new builds and renovations also increase.