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Fannie Mae Thinks Inventory Is Constrained By Affordability Fears

A perception among homeowners that affordable housing in their area is difficult to find may be causing people to stay put, adding to constraints on housing inventory. That's according to a survey by Fannie Mae.

Fannie Mae2 150x150Last year 69% of homeowners said affordable housing in their area was tough to seek out, up from 45% in 2017, according to Fannie Mae.

Fannie Mae noted that “a stable, affordable mortgage payment would likely disincentivize many from selling and having to go through the purchase process again.”

Read the full post from Fannie Mae.

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