December 2012 U.S. Economic and Housing Market Outlook
Author:
Chad Wandler
Location: McLean
Date: 2012-12-11
Freddie Mac (OTC:FMCC) released yesterday its U.S. Economic and Housing Market Outlook for December showing what some of the market features are expected to look like in 2013. Outlook Highlights
A short preview video and the complete December 2012 U.S. Economic and Housing Market Outlook are available here. Freddie Mac compiles data on major economic and housing and mortgage market indicators and offers forecasts based on those indicators. Quotes Attributed to Frank Nothaft, Freddie Mac vice president and chief economist. "The last few months have brought a spate of favorable news on the U.S. housing market with construction up, more home sales, and home-value growth turning positive. This has been a big change from a year ago, when some analysts worried that the looming 'shadow inventory' would keep the housing sector mired in an economic depression. Instead, the housing market is healing, is contributing positively to GDP and is returning to its traditional role of supporting the economic recovery."
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