Fannie Mae’s ESR Group recently released a report indicating a more sluggish recovery for the housing market compared to earlier projections. Key points from the report include:
– Slower pace of home sales and purchase mortgage originations
– Continued impact from supply chain disruptions and labor shortages in construction
– Concerns over rising interest rates affecting affordability for buyers
– Outlook for home price growth tempered by these factors
The ESR Group’s assessment reflects a cautious approach to the housing market’s trajectory, highlighting potential obstacles to a robust recovery. Industry observers will be closely monitoring these trends as they continue to assess the overall health of the housing sector and its implications for mortgage lending and homeownership.
You can read this full article at: https://www.housingwire.com/articles/dont-expect-a-ramp-up-fannie-mae-trims-estimates-for-home-sales-origination-volume/(subscription required)
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