Real Estate Outlook: Fannie Forecast - Check out the latest forecast from Fannie Mae chief economist Doug Duncan, if you want a good sense of where we are in housing and where we're headed. Never known as a Pollyanna or wild optimist, Duncan acknowledges that this summer has been a challenging time for just about anyone in real estate. The slump was widely predicted earlier this year by economists -- including Duncan -- who saw sales and building starts essentially sucked out of the summer months into the spring months by the tax credit. However, Duncan sees some positives taking shape: "Consumers are lowering their leverage" he says-cutting their debt burdens - and "positioning themselves to resume consumption" - including home purchases. Read full article:
http://realtytimes.com/rtpages/20100823_realestateoutlook.htm
http://realtytimes.com/rtpages/20100823_realestateoutlook.htm
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