Fannie Mae Sees Home-price Gains Moderating

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00003557-fannie-mae-sees-home-price-gains-moderati/

By Robert Schroeder, MarketWatch

Expect some cooling in home-price gains this year, Fannie Mae’s top economist said Thursday. The prices of U.S. homes should rise between 6.5% and 7% in 2005, said David Berson, chief economist at the mortgage finance giant.

That’s similar to gains made between 2000 and 2003, but below 2004′s increase of 10.8%, Berson said at a press briefing.

Nationwide, Fannie sees median new-home prices rising 6.2% to $231,400 this year. In 2006, the median price for a new home will rise to $237,800, economists at the mortgage agency estimated.

Median prices of existing homes, meanwhile, will climb 6.9% this year to $196,700 and rise 3.2% to $203,000 in 2006, Fannie forecasts.

For this complete story, please visit Fannie Mae Sees Home-price Gains Moderating.

Fannie Mae Sees Home-price Gains Moderating

Unknown Author

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