When eyeing the results of a recent consumer survey, Fannie Mae’s Chief Economist Doug Duncan noticed America is at a strange crossroads: One where home affordability is extremely high because of an influx of inventory, but buyer demand remains low. So what’s keeping homebuyers out of the market? While visiting HousingWire’s REthink Symposium, Duncan revealed some of Fannie’s latest findings, which you can read about here. The quick version is this: The American dream is alive and well, but it remains ‘just a dream’ for many families. Duncan found only 33% of Americans believe the economy is currently on the right track, and their home-buying desires are still dampened by uncertainty over jobs and the overall economy. In addition, 44% of those surveyed said household expenses are higher than they were 12 months ago. Duncan, like several other economists and real estate professionals attending the REthink Symposium, is closely eyeing changes in the 18-to-34 demographic, which is the group most likely to be the next first-time homebuyers. Duncan sat down with HousingWire to give us this video update on home prices and the overall state of housing. Write to: Kerri Panchuk.
Kerri Ann Panchuk was the Online Editor of HousingWire.com, and regular contributor to HousingWire magazine. Kerri joined HousingWire as a Reporter in early 2011 and since earned a law degree from Southern Methodist University. She previously worked at the Dallas Business Journal.see full bio
Most Popular Articles
Latest Articles
From resilience to antifragility: Rethinking cybersecurity for real estate and mortgage professionals
In information security, we’ve long spoken about resilience. The goal has been to withstand an attack, recover quickly, and return to business as usual. But in today’s environment—where attackers adapt and evolve daily—resilience is no longer enough. We must go further. We must embrace antifragility.
-
From local to global: RE/MAX’s Chris Lim on the next era of real estate relationships
-
Stop marketing like it’s 2008: You’re invisible
-
RE/MAX accelerates real estate innovation with AI and technology
-
Retirement plans for small-business owners have visible generational gaps
-
VA loans rise as housing market shifts toward buyers
Kerri Ann Panchuk was the Online Editor of HousingWire.com, and regular contributor to HousingWire magazine. Kerri joined HousingWire as a Reporter in early 2011 and since earned a law degree from Southern Methodist University. She previously worked at the Dallas Business Journal.see full bio
