Fannie Mae Expects Housing Market to Survive Market Volatility
According to a recent study conducted by Fannie Mae, consumer spending and other domestic fundamentals will be key drivers of economic growth in the second half of 2015, despite recent volatility.
“Our forecast for the year is largely unchanged despite recent market volatility. Fundamentals are positive, suggesting potential for some improvement in the fourth quarter,” said Fannie Mae Chief Economist Doug Duncan.
Overall, Fannie Mae anticipates economic growth of 2.4% for 2015, up slightly from 2.1% in the prior forecast.
To view the full report, visit Fannie Mae’s Economic and Strategic Research Group.
Categories: industry news