Housing Market Outperforms Expectations

Dated: May 24 2023

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According to the recent release by Fannie Mae's Economic and Strategic Research Group, the housing market is expected to help revive the economy heading into 2024, despite a predicted slowdown in the second half of this year. Doug Duncan, Fannie Mae's senior vice president and chief economist, states that housing has consistently exceeded expectations and will be a cushion during any economic slowdown. He believes that the relative strength of the housing market will play a role in stimulating economic expansion in 2024. However, the group also acknowledges the difficulty in predicting the timing of a potential recession.

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Michael Downer

Your Luxury REALTOR®, Trusted Advisor — Quintessential Naples Team at Downing-Frye Realty®Michael "Mike" Downer is the REALTOR® you want in your corner when buying or selling real es....

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