Fannie Mae Discusses Existing Home Sales Trends Amid Declining Mortgage Rates
Wednesday, 21 August 2024, 14:37
Fannie Mae's Insights on Home Sales Trends
Fannie Mae recently provided updates regarding existing home sales trends. The mortgage market has seen a notable decline in rates, yet predictions indicate that home sales may continue to lag in 2024.
Key Trends Expected in Home Sales
- Lower Sales Predictions: Overall home sales are forecasted to be lower than initial estimates.
- Impact of Mortgage Rates: The recent drop in mortgage rates is not expected to trigger a significant boost in sales.
- Fannie Mae suggests that a rebound in sales won’t occur until later in 2024.
For those in the real estate market, keeping an eye on these trends is crucial.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.