fnma: 2012 Home Sales on the Rise Predicts Fannie Mae - 01/24/12 08:01 AM
Fannie Mae economists are predicting incremental steps forward in the housing sector for 2012, albeit refinances will fall. "The second half of the year should outpace the first six months in terms of growth, though fiscal policy and political uncertainty in Washington will likely drive consumer and business activity", the mortgage giant states.
According to Chief Economist Doug Duncan positive consumer activity and challenges in housing and the global economy will equate to moderate growth for the year.
"We're entering 2012 with decent momentum, especially on the employment side, which is fostering positive household and consumer behavior," Duncan said, "Unfortunately, we … (0 comments)