Thursday, February 21, 2013

Housing Fundamentals Suggest Solid 2013 Recovery

Fannie Mae's economists said on Thursday that, despite the feeble note on which 2012 ended, the economy has the building blocks, including housing, for strong growth.  Housing is now on a sustained growth path as are manufacturing and energy production but, given circumstances in Washington, Doug Duncan, Orawin T. Velz, and Brian Hughes-Cromwick said they see no reason to revise their forecast from January.  They said, however, that if their forecast is wrong it will be erring on the side of being too conservative.  Read more...  http://www.mortgagenewsdaily.com/02212013_fannie_mae_forecast.asp

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