With a recession looking increasingly likely, Fannie Mae economists expect national home prices to fall 6.7 percent over the next two years.
Category: inflation
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.
Fed slows rate hikes, but remains wary of entrenched inflation
Half a percentage point “is still a historically large increase and we still have some ways to go,” Fed Chairman Jerome Powell warns as policymakers wrap up final meeting of the year.
Surveys show impact of mortgage ‘lock-in effect’ on seller psychology
Harris Poll finds 71 percent of Americans would be hesitant to move due to economic uncertainty over concerns, such as interest rates, inflation or a recession.