The outlook for home prices has changed drastically in just the past month as Fed rate cuts look more and more distant [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
Company Research
Source: Yahoo! Finance
Price will increase only 0.5% in 2024 and 2025, the mortgage giant said Thursday . That's down sharply from its forecast in March , when it predicted home prices would rise 2.5% in 2024 and 2.1% 2025. The view for 2024 has suffered especially compared to the start of the year, when prices were seen rising 2.8% To be sure, a less aggressive trajectory for home-price gains sounds like good news for prospective buyers. But when combined with still-limited inventory and higher-for-longer rates, the overall picture isn't a major improvement. "While housing demand is solid due to a large share of Millennial first-time homebuyers looking to buy homes, they are challenged by high mortgage rates and a lack of homes available for sale," Freddie Mac said in its April statement. "We expect these challenges to persist in 2024 mainly in the absence of significant rate cuts, which will keep the rate-lock effect in place and keep total home sales volume below five million in 2024." With the ec
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FMCC
News
- $3 trillion could be injected into the U.S. economy without any federal spending by tweaking this corner of the mortgage market, ‘Oracle of Wall Street' says [Yahoo! Finance]Yahoo! Finance
- $3 trillion could be injected into the U.S. economy without any federal spending by tweaking this corner of the mortgage market, ‘Oracle of Wall Street' says [Fortune]Fortune
- The US could give homeowners a $980 billion stimulus at no additional cost, 'Oracle of Wall Street' says [Yahoo! Finance]Yahoo! Finance
- KBRA Releases Monthly CMBS Trend Watch [Yahoo! Finance]Yahoo! Finance
- Home prices aren't falling in the biggest metro areas for the first time in 2 years, Redfin says [Business Insider]Business Insider
FMCC
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FMCC
Sec Filings
- 5/1/24 - Form 8-K
- 5/1/24 - Form 10-Q
- 4/30/24 - Form ABS-15G
- FMCC's page on the SEC website