Fannie Mae has significantly boosted its outlook for housing-market growth amid tight supplies and low mortgage rates.
The mortgage financier’s Economic and Strategic Research Group raised its forecast for residential fixed investment by 1.2 percentage points during the fourth quarter of 2019, predicting growth at a 4.5 percent annualized rate.
The group also increased its full-year outlook for both 2020 and 2021 to 3.4 percent, up from prior projections of 0.3 percent and 1.1 percent, respectively.
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