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Housing market is headed for a slowdown say Fannie, Freddie | www.Everhome.io
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Manage episode 290945676 series 1266180
•Rising mortgage rates cause Fannie Mae and Freddie Mac to downwardly revise forecast
oWho are Fannie mae and Freddie Mac
•The economy is improving, homebuyer demand remains strong and COVID-era restrictions are easing, but mortgage giants Fannie Mae and Freddie Mac each predicted a slowdown in the housing market as mortgage originations decrease in 2021.
•Fannie Mae revised its forecast down to predict mortgage originations will drop from 4.5 trillion in 2020 to just under 4 trillion this year and to just under 3 trillion in 2022.
•Fannie Mae stated that while housing demand remains strong
•Additionally, given the continued supply-demand imbalance, home prices are forecast to rise 8 percent in 2021 – up from the previously forecasted 4.2 percent – before decelerating to 2.9 percent annualized in 2022
•Fannie Mae’s full-year 2021 real GDP growth expectations improved to 6.8 percent, including 9.1 percent annualized growth in the second quarter, due primarily to the continued easing of virus-related social restrictions and stimulus-driven consumer spending
166 episodi
Serie archiviate ("Feed non attivo" status)
When? This feed was archived on May 11, 2023 09:27 (). Last successful fetch was on February 21, 2023 09:49 ()
Why? Feed non attivo status. I nostri server non sono riusciti a recuperare un feed valido per un periodo prolungato.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 290945676 series 1266180
•Rising mortgage rates cause Fannie Mae and Freddie Mac to downwardly revise forecast
oWho are Fannie mae and Freddie Mac
•The economy is improving, homebuyer demand remains strong and COVID-era restrictions are easing, but mortgage giants Fannie Mae and Freddie Mac each predicted a slowdown in the housing market as mortgage originations decrease in 2021.
•Fannie Mae revised its forecast down to predict mortgage originations will drop from 4.5 trillion in 2020 to just under 4 trillion this year and to just under 3 trillion in 2022.
•Fannie Mae stated that while housing demand remains strong
•Additionally, given the continued supply-demand imbalance, home prices are forecast to rise 8 percent in 2021 – up from the previously forecasted 4.2 percent – before decelerating to 2.9 percent annualized in 2022
•Fannie Mae’s full-year 2021 real GDP growth expectations improved to 6.8 percent, including 9.1 percent annualized growth in the second quarter, due primarily to the continued easing of virus-related social restrictions and stimulus-driven consumer spending
166 episodi
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