Tag Archives: Economic and Strategic Research (ESR) Group

The research arm of Fannie Mae has moved its recession prediction from the second to the first quarter of 2023. Here are insights from Chief Economist Doug Duncan.

“Tightening financial conditions are slowing economic activity, and consumers are drawing down savings and increasingly relying on credit cards as they seek to maintain current levels of consumption,” said Fannie Mae Chief Economist Doug Duncan.

Due to a litany of factors, Fannie Mae cut their predictions for origination activity, total sales, and GDP for 2022 and 2023.

One thousand people took part in Fannie Mae’s third quarter 2021 National Housing Survey and reported back that affordability and remote work are still very much important to members ...

A slowing economy, decades-high inflation, expired fiscal stimulus, tightening monetary policy, and now Russia's invasion of Ukraine are all weighing on the health of the U.S. economy.

Fannie Mae forecasts an end-of-year surge to drive home sales upward, followed by supply challenges to begin the New Year.

The 12-month rise in home prices nationwide hit a record-setting mark in August, the highest in 45 years of recording this data.

In an exclusive chat with MReport, Fannie Mae Chief Economist Doug Duncan dissects the elements creating the supply/demand imbalance in housing, and what solutions may lie ahead to remedy the situation.

For the first time in 10 weeks, mortgage rates have risen above the 3% mark, with forecasters projecting a gradual rise in rates to close out 2021.