Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

‘If I could go back in time … I’d have bought 30 homes’ https://www.stgeorgeutah.com/news/archive/2021/05/21/ddy-we-dont-have-inventory-southern-utah-builders-and-realtors-navigate-complicated-market/#.YKwb2VUpA1I

I wonder if the skeptics will be saying the same thing?

“But this thing really started in 2014,” Larkin said. “The 2008 crash was brought about by overbuilding and careless speculation. Since then, we’ve been underbuilding.”

That led to what mortgage lender Freddie Mac called “one of the most important challenges the industry will face.” The U.S., said economists at Freddie Mac, is 3.8 million starter homes short of buyer demand.

“Today, we’ve got the opposite of what happened in 2008,” Larkin said. “We’re undersupplied, and there is no careless speculation. There’s a lot of people who are looking for homes, and they’re not afraid to spend. And this isn’t just in St. George; it’s nationwide.”