58 min listen
184: Fannie Mae’s Mortgage Rate “Range” to Expect in 2024 and 2025 w/Doug Duncan
FromOn The Market
ratings:
Length:
21 minutes
Released:
Jan 29, 2024
Format:
Podcast episode
Description
Home prices will rise, home sales will jump, and mortgage rates will fall to a familiar range, according to Fannie Mae’s Doug Duncan. In their newest consumer sentiment survey, Fannie Mae points to a “tale of two housing markets” where both buyers and sellers are stuck. Rates aren’t low enough to get back into the housing market, and with prices set to rise, why should homeowners sell?
Doug provides some incredible insight on today’s episode, explaining why housing market sentiment is still so low, what could boost homebuying demand, and where Fannie Mae expects mortgage rates to be in 2024 and 2025. If you’re praying for rates to hit the rock-bottom levels of 2020 and 2021, Doug has some news you NEED to hear.
But rates and prices aren’t the only factors impacting buying/selling. Our huge undersupply of housing is making the market even more competitive as builders remain stuck, forced to pay high interest rates and high labor costs, all during a time when most of America doesn’t want to purchase. How do we get out of this housing market stalemate? Stick around as one of the top minds in housing gives us his answers.
In This Episode We Cover
Fannie Mae’s newest housing market sentiment numbers and what they mean for buying/selling
2024 vs. 2008 and the factors causing so much property purchasing pessimism
The mortgage rate “range” we can expect in 2024 and 2025
The three factors that MUST change if we’re to see a return back to a normal housing market
Recession indicators that are going off, EVEN with today’s solid economic growth
The massive construction constraint that’s stopping more inventory from coming on the market
And So Much More!
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-184
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Doug provides some incredible insight on today’s episode, explaining why housing market sentiment is still so low, what could boost homebuying demand, and where Fannie Mae expects mortgage rates to be in 2024 and 2025. If you’re praying for rates to hit the rock-bottom levels of 2020 and 2021, Doug has some news you NEED to hear.
But rates and prices aren’t the only factors impacting buying/selling. Our huge undersupply of housing is making the market even more competitive as builders remain stuck, forced to pay high interest rates and high labor costs, all during a time when most of America doesn’t want to purchase. How do we get out of this housing market stalemate? Stick around as one of the top minds in housing gives us his answers.
In This Episode We Cover
Fannie Mae’s newest housing market sentiment numbers and what they mean for buying/selling
2024 vs. 2008 and the factors causing so much property purchasing pessimism
The mortgage rate “range” we can expect in 2024 and 2025
The three factors that MUST change if we’re to see a return back to a normal housing market
Recession indicators that are going off, EVEN with today’s solid economic growth
The massive construction constraint that’s stopping more inventory from coming on the market
And So Much More!
Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-184
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Jan 29, 2024
Format:
Podcast episode
Titles in the series (100)
11: Migration, Inflation, and Why Big Cities Are Losing Their "Desirable" Status: Over the past two years, home prices have looked as if they’re never going to drop. With record-low interest rates, a newly formed remote work culture, and millennials at peak homebuying age, who would have thought that lower home prices would come so soon. Although traditionally affordable areas of the United State are still teetering on “overpriced” status, many high-priced markets are seeing negative population growth, and home prices are getting hit as a result.This is just one of the topics we touch on in our in-depth interview with Redfin’s Deputy Chief Economist, Taylor Marr. Taylor, like our own Dave Meyer, spends his days digging through the most important real estate data around. Whether it’s housing market updates, inflation and interest rate changes, or migration patterns, Taylor is on it long before you read one of his team’s excellent articles. As a key member of one of the leading companies by On The Market