Sunday, 26 June 2022 | The Latest Buzz for the Appraisal Industry

Fannie Mae Predicts Housing Growth Drop with High Inflation, Interest Rates

The compounding effects of elevated inflation and higher interest rates are expected to further weigh on economic growth and home sales as the year progresses, with full-year 2022 growth now forecast at a slightly reduced 1.2% and expectations of a late-2023 modest economic contraction unchanged, according to the June 2022 commentary from the Fannie Mae (FNMA/OTCQB) Economic and Strategic Research (ESR) Group.

“The market’s expectations of the necessary Federal Reserve response to persistent broad-based

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