Reported 6 months ago
Fannie Mae Chief Economist Doug Duncan discusses the current supply-constrained housing market, noting a 35.2% increase in May home sale listings. Duncan emphasizes that listed supply growth is below typical levels, with an inventory of newly built homes at a 30-year high, impacting affordability. To navigate these challenges, Duncan suggests homebuyers focus on maintaining a strong credit score, shopping around for options, and taking a well-informed financial approach when making home purchase decisions.
Source: YAHOO