Fiscal Cliff isn't on Consumer's

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Contrary to what the press writes, the fiscal cliff is not on people’s mind.

 

We had a great open house yesterday, and the discussion was about how many offers we’re expecting.

-sunil

 

From DS News

Fannie Mae Releases Forecast on Housing, Economy

Given improvements seen in housing, Fannie Mae revised its housing forecast higher for 2012 and 2013 in its November economic outlook report. The GSE's Economic & Strategic Research Group anticipates single-family housing starts will jump 25 percent this year, then rise by another 22 percent in 2013. Existing-home sales should also rise and see a 9 percent increase in 2012 and a 4 percent gain in 2013. Even though reports on the housing sector give reasons to be optimistic, Fannie Mae still warned "data continue to show a sluggish recovery overall." » Read More

 

 

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