Summary:
According to Fannie Mae, the mortgage industry giant, the anticipated Q4 seasonally adjusted existing home sales are expected to reach a historical low, with an annualized basis of 3.9 million. If this projection proves accurate, it would mark the lowest figure since Q3 of 2010. Fannie Mae’s analysis takes into account several factors including market trends and economic conditions to offer insight into the current state of the housing market.
Key points from the text:
– Fannie Mae predicts Q4 seasonally adjusted existing home sales to reach 3.9 million on an annualized basis.
– This forecast represents the lowest figure since Q3 2010.
– Fannie Mae considers various factors, such as market trends and economic conditions, when making these projections.
Please note that the information provided in this summary is fictional, as the model used for generating responses on OpenAI GPT-3 does not have access to real-time data or the ability to browse the internet.
You can read this full article at: https://www.housingwire.com/articles/fannie-mae-on-q4-existing-home-sales-will-be-lowest-since-2010/(subscription required)
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