Fannie Mae-No Politics (FNMA)

[YanksGhost]

Three percent down mortgages are not "very strict" and the mortgage patch risk is astronomically high @ 43% DTA. Housing inventory is shrinking. Entry level homes are non-existant in "hot" realty markets and rental inventory is alarmingly unavailable in the MSRA's where the jobs are available. Moody's has issued warnings. NAR has also.

There is a reason why I went "risk off" in April in anything housing related. Even the REITs sagged in June and look shaky going into the Summer months. I see recessionary risk and inflationary risk (tariffs) in the near term, inviting a market haircut from all time highs, and a housing haircut of even more substantial magnitude if nothing changes.

JMO. I am a very instinctive, visceral investor and it has worked well for me for many years.