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Stock impact report

Bad news for homebuyers in the Northeast and Midwest [CNN]

Federal Home Loan Mortgage Corporation (FMCC) 
NASDAQ:AMEX Investor Relations: freddiemac.com/investors
Company Research Source: CNN
intensively competitive housing market, a new report from Zillow says some areas will stay especially competitive this year. The Zillow report predicts the hottest housing markets for 2025; Buffalo, a city that sits on New York's western border with Canada, tops the list. Buffalo has two new jobs per home permitted, according to the report. That means Buffalo could see an influx of new workers moving to the city – pushing homebuilding to fall further behind housing demand, said Skylar Olsen, Zillow's chief economist. As a result, Buffalo's home prices are forecast to grow an additional 3% in 2025 after jumping nearly 6% last year, according to the report. Buying a home has grown more difficult for many Americans amid elevated mortgage rates and a lack of affordable options, fostering frustrations so deep they even helped shape anger at incumbents in last year's US elections. Now, Zillow's report shows that the deck could still be stacked against home shoppers in many major Ameri Show less Read more
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