Team Thayer Property Servicing

Fannie Mae's Economic, Strategic & Research Group  has pointed out on multiple occasions that housing market growth has been slowed by tepid growth of household income. In a  new analysis released Monday , the Fannie Mae ESR Group announced that homeowners underestimating their home equity may also be a factor in weighing down housing markets. The commentary was written by Steve Deggendorf, Director of Business Strategy for Fannie Mae's ESR Group, and Professor James A. Wilcox of the Haas School of Business, University of California, Berkley. The  National Housing Survey  from Fannie Mae contains data that suggests that homeowners who are underestimating how much equity they have in their homes may also be underestimating in other areas, such as how large of a downpayment they could make with that equity; their chances of qualifying for a mortgage, assuming they need a large downpayment; and their opportunities for selling their house and buying another...