Fannie Mae Forecast “Continued Healing For Housing Market”

Despite signs of a slowdown in the global economic growth, recent single-family housing data suggest the housing recovery is “on track” and is set for “continued gradual healing”.  There have been some favorable signs that the housing recover is under way.  Homebuilders confidence reached its highest level in five years in May.  Mortgage rates are expected to remain around their current lows thru the year.  We still continue to face challanges