Increasingly Bleak Real Estate Expectations for Potential Homebuyers

June 7, 2023 Kyle G. Horst

“Consumers also indicated that they don’t expect these affordability constraints to improve in the near future, with significant majorities thinking that both home prices and mortgage rates will either increase or remain the same over the next year,” said Mark Palim, Fannie Mae’s VP and Deputy Chief Economist.

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Consumers Looking to Buy Have Increasingly Bleak Real Estate Expectations

“Consumers also indicated that they don’t expect these affordability constraints to improve in the near fut...