Monday, Fannie Mae reported that they expect a rebound in economic growth and consumer spending will resume its position as the biggest contributor. With labor and inventory shortages still prevalent, the housing market hasn’t changed very much and home prices are still on the rise. Based on their research, Fannie expects mortgage rates to remain supportive, but the outlook on existing home sales remains cautious.
The post Proceed With Caution: Existing Home Sales and Economic Growth appeared first on DSNews.
Source: DS News