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...
Probably the big news in the December 2006 Economic Outlook published by Freddie Mac's Office of the Chief Economist last Friday was that the office has finally changed its interest rate projection for the year. The monthly forecast since late last year has clung to a projection that the 30-year mortgage...
Slower economic growth and rising inflationary pressures are cited as competing trends in the U.S. economy by Freddie Mac in its monthly Economic Outlook for August which was released on Wednesday. The report contrasted the growth in the economy during the first half of the year which was perking along...
Freddie Mac issued its monthly "outlook" for the month of July as well as a round-up of the first half of 2006 . While the report still projects a housing market that is undergoing a "moderate and orderly cooling," a comparison to the January outlook shows a slight decline in optimism. Freddie harkened...
Last month we ended our report on Freddie Mac's April Economic Outlook with the statement that "Freddie Mac's April Economic Outlook deviates only slightly from predictions in earlier months; the housing market is slowing but certainly not screeching to a halt." May's report which was issued this week...
The central issue addressed by the April 2006 Economic Outlook issued by Freddie Mac on Monday is the conflict created between the strength of the economy and the increasing lack of housing affordability. Freddie's Office of the Chief Economist cites the strong employment numbers for the first quarter...
The housing market threw the world another curve on Thursday. After five straight months of declining sales of existing homes, a sixth dreary month was pretty generally expected. Instead the National Association of Realtors announced that February sales of previously-owned homes had jumped 5.2 percent...
The man who (all too correctly) warned of " irrational exuberance " in the stock market six years ago is evidencing increasing nervousness about the housing market . In his strongest statement to date, Federal Reserve Chairman Alan Greenspan told an audience in Jackson Hole, Wyoming last week that it...