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Freddie Cautiously Optimistic as Housing Market Shows Resilience
Tuesday, April 14, 2020
Freddie Mac's Quarterly Forecast is more upbeat than
one might expect. While it acknowledges that, with big chunks of the U.S. economy
currently in lockdown the housing market faces "its greatest challenge in over
a decade," it seems to assume its duration could perhaps be limited, with the
recovery starting in the third quarter of the year. It does hedge this, admitting that the contours of the
pandemic and thus the recovery from it seem to vary from country to country so
forecasting is even more uncertain than usual. Even if the recovery does take
off, with most of the damage contained in the first half of this year, it will
probably take another year for things to return to normal.
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