Economists Say that the Housing Market Recovery Depends on Significant “Macroeconomic Drivers”

Freddie Mac chief economist, Frank Nothaft, anticipates signs of economic recovery in the housing market to begin next year with the largest improvements occurring in the second half of 2011.  However, these improvements will not come into fruition without meeting certain macroeconomic criteria such as decreasing unemployment rates and maintaining control of inflation that directly affects interest rates.

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