Real Estate Outlook: Fannie Forecast

Real Estate Broker/Owner with Brokers Guild Classic 100000546
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:

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Comments (2)

James Lowenstern
Castles Unlimited® - Newton, MA
Castles Unlimited. Newton MA Real Estate

challenging...I thought I was the only one using that word to describe this mess.

Aug 24, 2010 11:00 AM
Adam Malachi
A 2 Z Realty LLC - Castle Rock, CO

Hello Jude,

Great post! Good informations!

Thanks for sharing,


Aug 24, 2010 11:45 AM