Fannie Mae’s 2022 Housing Market Forecast

Economic growth is expected to slow and housing affordability could reach the lowest levels since 2008, according to a press release from Fannie Mae. They downgraded their expectations for 2022 real GDP growth from 3.1 percent to 2.8 percent due to expectations of rate increases by the Federal Reserve and “worker scarce labor market”. Housing affordability is expected to drop to 2008 levels due to rising mortgage interest rates and higher home prices. Get Connected To a GREAT Real Estate Agent in Your Area (ad): *** Jason Walter, CPA (lic 103885); Sacramento real estate agent and native; Realty ONE Group Complete (DRE 01923240). This post may include affiliate links (if you purchase anything through these affiliated links, the author may earn a commission).

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I post frequent housing market updates and real estate related topics for the USA so you can make a more informed decision about whether or not to buy/sell a house.

Sacramento, CA

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