By Jann Swanson | Mortgage News Daily
Fannie Mae’s economists are painting a much improved picture for the economy in the coming months with encouraging news in the area of business investment, manufacturing, and business spending on structures. Despite the unexpected drop in consumer spending in July the company’s economists, Doug Duncan, Orawin T. Velz, and Brian Hughes-Cromwick, expect growth “to moderate from the above-par pace of the second half of this year and average 2.5 percent for all of 2015, an acceleration from a projected 2.0 percent in 2014. However, given the strength expected going into next year, the 2.5 percent pace may be more of a lower bound on growth expectations.”
If you’d like to discuss real estate matters, contact Rose Law Group founder Jordan Rose, jrose@roselawgroup.com
