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Fannie Mae: Home sales to stabilize in 2019

December 14, 2018 / Alcynna Lloyd

Although economic growth is expected to slow in the new year, new data suggests the housing market will stabilize come 2019, according to Fannie Mae. According to the company’s Economic and Strategic Group, full-year GDP growth is predicted to slow to 2.3% in 2019, which is down from 2018’s projected 3.1%. Fannie Mae attributes this decline to the Budget Reconciliation Act, business investment growth and a widening trade deficit.