Here’s the real state of the housing market

Is a recession on the horizon?

By Kelsey Ramírez | HousingWire

On the third day of Mortgage Bankers Association National Secondary Market Conference and Expo in New York City, three economists took the stage to explain their view of the housing market, and their forecast for 2017.

Freddie Mac Chief Economist Sean Becketti, Fannie Mae Chief Economist Doug Duncan and MBA Chief Economist Mike Fratantoni gave their projections over the chance of a recession within the next 12 months.

Becketti emphasized that while the chance of a recession increased, it would need to be driven by a specific event.

“Recessions are event driven, the economy doesn’t just run out of gas and slow down,” Becketti said.

Continued:

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May 3, 2017

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