- US home sales are headed for the largest slowdown since 2011, according to Fannie Mae.
- That’s due to headwinds like higher mortgage rates, amid a weakening US economy.
- The mortgage finance giant expects the US to slip into a recession in the first half of 2024.
US home sales are headed for the biggest slowdown since 2011, according to Fannie Mae.
The government-sponsored mortgage finance company forecasted total home sales to slump to just 4.8 million this year, marking the slowest sales environment since 2011. That figure will only improve slightly in 2024, with total home sales expected to hit 4.9 million, Fannie Mae economists said.
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