Housing Market to Remain Weak in 2024 – Fannie Mae

MPA, Aug. 22, 2024-Jonalyn Cueto
A recent decline in mortgage rates has not been enough to rejuvenate the US housing market, according to the August 2024 commentary from Fannie Mae’s Economic and Strategic Research (ESR) Group. Despite the slight easing of rates, the ESR Group forecasts that home sales will remain subdued for the remainder of 2024, with significant recovery unlikely until late 2025.
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