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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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