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Fannie Mae Cuts Q2 Sales Estimates for Existing Homes

Monday, May 24 2021
Lending
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Fannie Mae has reduced its second-quarter projections for sales of existing homes amid a dearth of listings. So reports Inman.

house 167734 640smallAccording to the latest monthly outlook from Fannie Mae’s Economic and Strategic Research Group, existing homes will sell at an annualized 5.88 million in April, May and June, down from an earlier projection of 6.16 million.

Fannie Mae’s economists warned that the threat of inflation and higher interest rates could cool the housing market in 2022.

Read the full article from Inman.

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