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Tag Archives: Economic Growth

Pending Home Sales Surge, But Closed Sales Lag Behind

In November, new listings jumped to their highest level since October 2022, while home prices also posted its biggest increase since the same time last year. Pending home sales also continued to rise, but many home purchases fell through at a record rate as some homebuyers got cold feet, according to a new Redfin report.

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Fannie Mae: Long-Term Interest Rates Projected to Impact Economy

New commentary from Fannie Mae revealed the ESR Group is warning that while rates are moving rapidly again, they are expected to weigh on consumption and business investments over time. Experts now project a significant slowing trend in economic growth through the end of the year and into 2024.

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Fannie Mae Downgrades Housing, Origination Forecast

In their latest forecast, Fannie Mae’s Economic and Strategic Group (ESR) has downgraded its GDP projections along with home sales and mortgage originations due to the current state of the economy.  Fannie Mae now predicts that real GDP growth measured on ...

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