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Fannie Mae raises home-sales outlook while downgrading economic growth forecast
The government-sponsored enterprise (GSE) updated its 2025 and 2026 expectations to account for the whirlwind of tariff threats. While it believes economic growth and inflation will trend in a negative direction, its outlook for existing-home sales is slightly higher, as is its forecast for single-family mortgage origination volume.
NAR eliminates 61 positions in cost-cutting move
Cuts at the trade group include filled and unfilled roles across several departments, including digital strategy and public relations.
