Residential Supply and Demand

GSEs Expect Sales to Slow

Posted on Tuesday, May 18, 2010

FNMA's May 2010 report, reflects new and existing home sales posted robust increases in March, probably due to the tax credit. Indicators predict rising sales in the near future, but, declines in Q3. Hopefully improvements in employment will help sales pick up again before the year is over. Overall the reoprt predicted a 5.5% rise in sales. Freddie Mac agreed, adding that the taqx credits pulled many buyers forwqard into earlier purchasing periods.

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