Homeowners and renters struggling to afford the high cost of housing: survey [FOX Business Network]
Federal National Mortgage Association (FNMA)
NASDAQ:AMEX Investor Relations:
fanniemae.com/portal/about-fm/investor-relations/index.html
Company Research
Source: FOX Business Network
Rising housing costs are why 20% of renters and 8% of homeowners reported they had to relocate and move into smaller spaces. Moreover, one in five (21%) respondents said they have withdrawn money or are considering withdrawing money from their retirement savings to cover housing costs. Additionally, 40% of homeowners have delayed critical property repairs because of high costs or because they needed to use the money for other financial priorities. Home and apartment costs continue to rise, and remain the leading cause of inflation . Homebuyers are dealing with mortgage rates that have hovered near 7% for the 30-year, while home prices have increased by more than 40% since before the pandemic homebuying frenzy . The survey said the outlook for housing looks dire, with 66% of respondents expecting market dynamics to worsen over the next 12 months even if the Federal Reserve begins to dial back interest rates "While many Americans are feeling financially strained, nowhere is that st
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FNMA
News
- Fannie Mae guaranty book of business edges up 0.3% in May [Seeking Alpha]Seeking Alpha
- Fannie Mae Releases May 2024 Monthly Summary [Yahoo! Finance]Yahoo! Finance
- Buyers hesitate as housing affordability declines [Yahoo! Finance]Yahoo! Finance
- Fannie Mae Releases May 2024 Monthly SummaryPR Newswire
- Mortgage rates decline for 4th straight week [Yahoo! Finance Canada]Yahoo! Finance Canada
FNMA
Sec Filings
- 6/13/24 - Form 8-K
- 5/20/24 - Form 3
- 5/14/24 - Form 3
- FNMA's page on the SEC website