With mortgage rates remaining near historic lows, Fannie Mae and others have increased their forecasts for housing appreciation for the rest of the year
The current housing landscape presents greater home values, low-interest rates, and high buyer demand. All of these factors point to the strong market forecasted to continue throughout the rest of the year.
Inventory is on the rise, but there’s still an overall shortage of houses for sale (less than a 6-month supply found in a more normal market), so homes are going under contract quickly.
