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Freddie's Year-End Forecast; Steady as She Goes
Monday, December 23, 2019
Freddie Mac's economic projections at year end are largely unchanged from those over the last few months when interest rates neared a new
low and the market perked up. Its economists summed up the year that is about to
end saying, "Sustained economic growth, low interest rates, and a robust labor
market helped the U.S. housing market regain its footing in 2019." The company is projecting modest growth in the housing market for
both next year and in 2021, growing from expected total home sales (new and
existing) of 6.0 million this year to 6.2 million and 6.3 million over the
forecast horizon.
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