Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

No question, this is the hottest I have ever seen the Residential Housing Market! 2 months supply, prospective sellers already locked in at rates in the 2's and 3's and worried if they sell if they will even be able to find a suitable replacement home, over 10 YEARS of annual housing supply under shooting annual demand and obsolescence, 72.1 MILLION Millennials (28 to 38 years old) finally starting families (they just surpassed the baby boomers in size!) https://www.pewresearch.org/fact-tank/2020/04/28/millennials-overtake-baby-boomers-as-americas-largest-generation/ many with financial assistance from their well off financially boomer parents, MORTGAGE RATES AT 50 YEAR LOWS, a loss of construction labor post 08 and 09 coupled with a loss of migrants from Mexico and Central America, AND DA GUBMINT NOT FREEING THE TWINS TO HELP PEOPLE BUY HOMES!

Higher prices will spur new construction and as the Cov subsides more supply will likely hit the market.