Fed’s “higher for longer” rate strategy could keep home sales from rebounding in 2024 or limit the strength of a recovery, according to two closely followed forecasts.
Category: home sales
Rocket back in the black after boosting purchase market share
The Detroit-based mortgage giant returned to profitability during the spring homebuying season by slashing costs and boosting its market share in the face of severe inventory shortages.
Home prices are looking softer to Fannie Mae economists
With a recession looking increasingly likely, Fannie Mae economists expect national home prices to fall 6.7 percent over the next two years.
A sales uptick in 2023? Zillow’s senior economist thinks it’s likely
During a Connect Now session on Thursday, Zillow Senior Economist Dr. Orphe Divounguy predicted affordability will “stabilize” in 2023, setting the stage for an increase in home sales.