Monday, June 5, 2023 | The Latest Buzz for the Appraisal Industry

Rising Rates, Continued Inflation Expected to Slow Housing Activity

Persistent inflation, rising interest rates and a slowdown of global economic growth are the primary contributing factors to updated expectations that full-year 2022 real GDP will grow at the reduced rate of 1.3%, 0.8 percentage points less than previously predicted, according to the May 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.

The ESR Group’s latest forecast sees second quarter 2022 growth rebounding to 1.6% following last month’s news that

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