Despite Economic Uncertainties, "Housing Market is Healing"

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Posted To: MND NewsWire

Freddie Mac's monthly economic outlook commentary for January looks principally at consumer attitudes which it says have remained "fairly resilient despite the 'fiscal cliff' drama that has played out." Still that confidence remains historically low three-and-a-half years into the economic recovery, but it is up from its Great Recession low on the Conference Board's consumer confidence index. The Outlook says, "As consumer attitudes on the economic outlook improve, more potential homebuyers will emerge and feel financially secure in making an offer to purchase a home. Over the first 11 months of 2012, home sales were up 9 percent from the same period of the prior year, and we project a similar gain in sales for 2013". Business owners and managers have a less rosy view of the nation's business...(read more)

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Source: http://www.mortgagenewsdaily.com/01152013_freddie_mac_forcast.asp

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