As things get tighter in the real estate and mortgage markets more industry leaders are raising their voices about the impacts being felt across the nation. Home prices have remained elevated regardless of mortgage rates continuing their rise which is now causing an affordability crisis not seen in 38 years! Today’s topics are:
- Fannie Mae’s chief economist on housing market outlook
- Why are existing home prices up year over year?
- Changing homebuyer expectations are slowing the housing market
- DataDigest: Today’s homebuyers are seeking affordability not found in the West