Freddie Mac October 2012 US Economic and Housing Market Outlook
Freddie Mac October 2012
US Economic and Housing Market Outlook
Everyone has a different opinion about the US Economic and Housing Market Outlook. Is it getting better? Are things the same? Is the worst behind us now? Only the historians of the future will be able to state with certainty the truth about the US Economic and Housing Market Outlook in October 2012.
As the QE3 effort from the Fed to ease long-term interest rates arrives, Freddie Mac's VP and Chief Economist, Frank Nothaft, explains how that is stimulating housing and supporting mortgage refinance. He shares an advance view of October report about the US Economic and Housing Market Outlook.
Nothaft is optimistic about the numbers. He cites statistics that housing starts in 2012 are UP 25% from the eight month count of 2011. He states that home sales are up 8% compared to 2011. Further examples he presents are the price increases seen in Single Family Homes (up 3% to 4%) and value increase of Apartment Buildings (up 7% - 6%). The complete report for the US Economic and Housing Market Outlook includes tables about the statistics to which he refers.
For now, listen both to what he says and to his positive tone of voice.
Have a happy day -