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» VISIT US ONLINE @ DSNEWS.COM 5 A look at facts you didn't know you couldn't live without. Compiled by the DS News Staff The price of a typical existing home sold in 2017 was more than four times the national median income, according to the Joint Center for Housing Studies of Harvard University. This is the sixth straight year that the increase in median home sales price has outstripped growth in median household income. According to recent Brookings data analyzing housing in the U.S., the lowest ratio metros are mostly located in the Midwest, and are specifically clustered around the Great Lakes and scattered across Texas. The metros with the highest ratios are primarily along the Pacific and Northeast Atlantic coasts. FANNIE HOUSING FORECASTS FOR 2018-2019 INSIDE THE JOURNAL // ON THE WEB // THE APP SPECTRUM // MOVERS & SHAKERS TAKE A LOOK INSIDE THE NUMBERS D ATA B I T S *This data examined year-over-year (YOY) price growth within the top 100 U.S. metropolitan statistical areas (MSAs) by population, divided into three subcategories: single-family homes, condos, and apartments. **Source: HouseCanary, 'Best Cities For Price Growth For Houses, Condos, and Apartment Units In Summer 2018' THE BEST AND WORST MARKETS FOR SINGLE-FAMILY RENTAL INVESTMENT* TOP 10 MSAS WITH HIGHEST YOY RENT-PRICE GROWTH FOR SFR BOTTOM 10 MSAS WITH THE LOWEST YOY RENT-PRICE GROWTH FOR SFR #1 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT 1.1 #2 SYRACUSE, NY 1.0 #3 COLUMBIA, SC 1.0 #4 NEW ORLEANS-METAIRIE, LA 0.9 #5 LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AK 0.9 #6 ROCHESTER, NY 0.9 #7 AUGUSTA-RICHMOND COUNTY, GA/SC 0.8 #8 BRIDGEPORT-STAMFORD-NORWALK, CT 0.6 #9 HARRISBURG-CARLISLE, PA 0.5 #10 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA/NC 0.4 #1 PALM BAY-MELBOURNE-TITUSVILLE, FL 6.6 #2 SEATTLE-TACOMA-BELLEVUE, WA 6.1 #3 STOCKTON-LODI, CA 6.0 #4 SALT LAKE CITY, UT 5.9 #5 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 5.8 #6 BOISE CITY, ID 5.7 #7 TAMPA-ST. PETERSBURG-CLEARWATER, FL 5.6 #8 SACRAMENTO-ROSEVILLE-ARDEN ARCADE, CA 5.4 #9 NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN 5.4 #10 MCALLEN-EDINBURG-MISSION, TX 5.3 Fannie Mae Economic and Strategic Research Group's May 2018 Economic and Housing Outlook predicts continued economic growth throughout the rest of 2018. As we enter 2019, however, the GSE forecasts a potential change in that momentum. According to Fannie's May 2018 Economic and Housing Outlook, the GSE forecasts 2018's full-year growth to hold steady at 2.7 percent. Fannie's Outlook also predicts the Fed will institute two more interest rate hikes before year's end. "We remain confident that, despite a first-quarter hiccup, economic growth will pick up through the rest of 2018," said Fannie Mae Chief Economist Doug Duncan. "ere are signs that consumer spending is poised to strengthen in the months ahead, and we believe recent fiscal policy actions are likely to contribute to growth this year." But for 2019, the Outlook predicts a deceleration to 2.3 percent growth. "Come 2019 … we expect the fiscal boost to fade, and we adjusted our forecast lower accordingly," Duncan said. "We also note mounting downside risks to our projections, including growth- constraining protectionist trade policies and rising oil prices, among others. Meanwhile, housing's upward grind should continue, despite a lackluster first quarter. We expect home sales to post modest gains both this year and next, as prices rise and affordability declines amid low for-sale inventory." Fannie forecasts 1.3 million housing starts by year's end, compared to 1.2 million in 2017. Single- family housing starts are expected to experience 7.9 percent year-over-year (YOY) growth in 2018, as compared to 8.6 percent in 2017 and a predicted 5.4 percent in 2019. Fannie anticipates new single-family home sales to grow 11.8 percent in 2018. In 2017, that number was 9.3 percent, but the forecast 2019 number drops all the way to 3.8 percent year- over-year. Existing-home sales are expected to remain mostly steady, with a predicted 1.5 percent YOY change in 2018 and 2019 forecast to come in at 1.2 percent. Total home sales are anticipated to come in at 2.5 percent YOY for 2018, with 2019's forecast slipping to 1.5 percent, slightly below 2017's 1.9 percent growth. "We remain confident that, despite a first- quarter hiccup, economic growth will pick up through the rest of 2018." — Doug Duncan, Chief Economist, Fannie Mae PAGE 14 VP and Chief Economist, Freddie Mac FIVE MINUTES WITH WITH Sam Khater RANKING CITY PERCENTAGE RANKING CITY PERCENTAGE

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