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Housing shows modest rebound according to forecasts
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Industry News
Monday, July 28, 2014
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The Fannie Mae Economic and Strategic Research Group said the economy showed growth in the remainder of 2014 won’t be strong enough to offset the weak activity from the first two quarters of the year. However, Fannie Mae Chief Economist Doug Duncan said housing data points to a continued but modest rebound in the housing market.
“Recent housing activity picked up seasonally as we expected, yet many indicators remain near or below the levels for the same period last year,” Duncan said.
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