by Nuno Mota Economist, Economic & Strategic Research Group
In our new Fannie Mae Working Paper, we use both public and Fannie Mae data to provide a set of facts on the rural single-family conventional mortgage lending market as well as highlight key differences and trends between urban and rural lending.
Although there are multiple definitions of what constitutes a rural area, this work makes use of a single definition ...Read more »
by Patrick Simmons Director, Strategic Planning, Economic & Strategic Research Group
Subdued first-time home buying has slowed the housing recovery. Both demand- and supply-side factors have suppressed purchases by would-be first-time buyers. But as the labor market has continued to heal and as young-adult incomes have begun to recover, much attention has focused on supply-side constraints.
Tight mortgage credit is often cited as an obstacle, but in recent months attention has shifted to a low inventory of for-sale starter homes as an impediment to the return of the first-time buyer ...Read more »