Arizona cited in report
By Jann Swanson | Mortgage News Daily
Freddie Mae’s Outlook for January looks at the uncertainties facing the housing market heading into the second month of 2017. While acknowledging that the economy is now in its eighth year of expansion, that housing is coming off its best year in a decade, and the prospects remain good for future growth, the company’s economists say any forecasts for the future must take into account “uncertainty about fiscal policy, foreign investments in U.S. real estate, and the size of the mortgage market.”
Post-election, expectations about economic policy, especially fiscal policy, have shifted. The writers assume there will be an expansionary policy that will boost both growth and inflation this year and next and that corporate tax reform will increase long-term potential growth by about two-tenths of a percentage point.
