Fannie Mae continues to forecast modest downturn in 2024

Even though Jerome Powell announced three rate cuts in 2024, Fannie Mae Economic and Strategic Research (ESR) group continues to forecast a modest downturn in 2024. The group projects a return to growth in 2025.“Last week’s comments by Chairman Powell, as well as the Federal Reserve’s updated Summar
Read MoreFidelity facing class action suit after cybersecurity attack

Big Four title firm Fidelity National Financial and its subsidiary mortgage subservicer Loancare are facing a class action lawsuit alleging that they were negligent with customer data and that they breached their contract, after the firm was the victim of a cyber security attack in late-November.The
Read MoreHousing starts rise on falling mortgage rates

Housing starts rose in November, significantly beating expectations.New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Department of Housing and Urban Development and U.S. Census Bureau data. It’s 14.8% above the revised October estimate of 1,359,000 and 9
Read MoreAre home sellers finally coming back to the market?

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. That’s one reason total sales volume has been so low, but it looks now like that’s starting to change.In this week’s Altos Research video, I look at how home sellers and sales are up
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