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US housing market to rebound in 2011 -Freddie Mac economist

Posted on 07 December 2010

From Dow Jones: Macroeconomic factors suggest the U.S. housing market will improve in 2011, Freddie Mac’s chief economist said in a note Monday. Accelerating economic recovery, low mortgage rates, a bottoming of home prices and increased affordability of homes at current low prices will be behind the improvement, said Frank Nothaft, the chief economist at the mortgage finance company.
“These forces will support a gradual recovery in the housing and mortgage markets,” he said……………………………………….Full Article: Source

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