Fannie Mae: Home sales will stabilize in 2019
Fannie Mae | March 20, 2019
Home sales will stabilize this year, with a solid labor market and strong household formations driving demand, Fannie Mae’s Economic and Strategic Research Group stated in its March outlook. While affordability remains a challenge, Fannie Mae said it has improved thanks to slowing home price appreciation and more attractive mortgage rates. In the year ahead, the research group predicts that purchase originations will expand while refinance activity will contract.