Fannie Mae VP: Lenders Need More Inventory!

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Posted To: MND NewsWire

The chant throughout 2018 from housing industry sources was inventory, inventory, inventory – or lack of same. It was blamed first for rising home prices and then for the slow growth in home sales . Fannie Mae’s fourth quarter Mortgage Lender Sentiment Survey found that most lenders agree that this was the case. Mark Palim, Fannie Mae’s Vice President and Deputy Chief Economist, writes in the company’s Perspectives blog that nearly half of lenders responding to the survey named a n insufficient supply of homes available for sale as the top reason behind the slow growth in sales last year. Twice as many cited inventory as mentioned the next most popular reason, rising interest rates. The third factor frequently mentioned was high home prices. Only small numbers of lenders attributed the weak…(read more)

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