Freddie Mac seems to be seeking a little cover in its March 2007
Economic Outlook released late last week. These monthly forecasts
always have a theme which the authors tend to torture relentlessly and this
month it is the old adage - "In Like a Lion..." News about the housing
market is likened to the "proverbial March weather, with each warm breeze
followed by an icy blast." The outlook states that most analysts expect
things to improve late in the year and buyer traffic in the spring market
will provide an important test of the environment. But, hedging its bet,
Freddie quotes "even the most cheery forecasters" as warning about
two possible storms still on the horizon.
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