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First-Time Buyers Key to Organic Housing Market

Wednesday, April 20, 2016

Fannie Mae's economists said Friday that housing indicators continue to be mixed.  In the company's April Economic and Strategic Research report Senior Vice President and Chief Economist Doug Duncan and his staff pointed to a balance of positive and negative signals in recent weeks. 

First, the economy as a whole seems to have largely rebounded from the deteriorating financial conditions earlier in the year with the stock market back at 2015 levels along with some commodity prices, narrowing risk spreads, and a decline in the trade-weighted value of the dollar.  However, the economists say, even if the dollar continues to weaken net exports will still subtract from growth throughout the rest of the year.

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"We appreciated that Mark took time to explain the different options to us as first time homebuyers. He gave us tips about making an additional payment each year and spoke with us about tax credits. He finds out what you already know by asking you questions and then helps you without making you feel unknowledgeable. We were very satisfied with the service. We plan to refer Mark to family and friends that are looking to purchase or refinance."
Kelsey & Eric B.