Freddie's Economic Revisions Optimistic For Housing
Freddie Mac’s economists have revised many of their earlier estimates for the 2015 U.S. economy. In terms of overall economic growth the revisions are not positive as they see a slowing of “the torrid pace in the third quarter of 2014,” but their new projections are good news for housing, with lower rates and a higher level of mortgage originations. Leonard Kiefer, Freddie Mac’s Deputy Chief Economist, said in February’s edition of the U.S. Economic & Housing Outlook, that t
Millennials Get Housing Break
As the housing crisis fades into memory, it’s critical that the nation implement smart policies to keep the long, painful incident from recurring. Regulations in place today — such as a prohibition of writing loans without verifying income — will reduce, if not eliminate, predatory and irresponsible lending practices. But equally essential to a housing recovery is putting homeownership in reach for first-time buyers, particularly the millennial generation. Millennials didn’t
