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The MReport Webcast: Thursday 8/14/2014

After half a year of failed predictions and slow starts, the U.S. economy actually appears to be closing in on normal, at least according to Freddie Mac. The company’s latest Economic and Housing Market Outlook shows that the agency expects to see the U.S. housing market driven once again by fundamentals—jobs, household formations, and affordability—rather than economic upheaval. With labor and GDP growth on the upswing, Freddie forecasts a recovery in household formations and new homebuilding for this year and next, even as home sales and mortgage originations weaken.

About Author: Jordan Funderburk

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