Estimated reading time: 0 minutes, 23 seconds

Fannie Mae Now Projects Home Prices Will Fall in 2023

Friday, Oct 14 2022
Lending
Written by  The Mortgage Leader

The Fannie Mae Economic and Strategic Research Group’s forecast for U.S. home prices in the coming year has turned negative.

house 167734 640smallThe ESR Group now predicts home price declines of 1.5% in 2023. Previously, the projection was growth of 4.4%.

“Over the last few weeks, markets have increasingly–and perhaps reluctantly–reflected the resolve of the Fed to lower inflation via rapid tightening of monetary policy,” Fannie Mae chief economist Doug Duncan said in a statement.

Read the full announcement. 

Read 681 times
Rate this item
(0 votes)
More in this category: « Cornerstone Home Lending Merges with Roscoe State Bank Cooling Housing Market Hits Nonbank Lenders Even Harder »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline