Freddie Mac releases economic and housing market outlook
A new report from Freddie Mac shows the bitter and the sweet of what's to come in the housing market. This includes an increase in new-home construction and a drop in single-family mortgage originations.
Freddie Mac last week released its U.S. Economic and Housing Market Outlook for May showing a pick-up in economic growth in the second half of 2011 and a projected 5 percent increase in 2011 home sales over 2010, on a calendar year basis.