Fannie Mae revises home-sales forecast downward as economy remains uncertain
Reading Time: 2 minutesFannie Mae has revised its home-sales forecast for 2022 downward as the country continues to grapple with an uncertain economic climate and a weakened housing market. The government-sponsored enterprise has lowered its sales forecast down slightly to 5.78 million units for the year. If realized, that would represent an annual decrease of 16.2%, larger than […]
More than 15% of home sellers drop list prices in every major market
Reading Time: 2 minutesHome sellers continue to adjust to the housing market’s new normal, as more than 15% of sellers dropped their asking prices in every major U.S. metro during July, according to Redfin. The national real estate brokerage evaluated 97 of the largest markets in the country, finding that a high share of sellers nationwide have begun […]
