Catherine Nesset's Real Estate News

Fannie Mae sees end to the housing slump

The Washington Post

Nov. 18, 2009

Fannie Mae, responsible for almost one in four U.S. residential mortgages, said the three-year housing slump may end in 2010 with an 11 percent jump in home sales as the economic recession is "unofficially" over.

The economic rebound will still be "relatively weak" compared with other recoveries from deep recessions, the District-based company said in an economic and housing forecast. Median home prices are still likely to fall next year, by less than 1 percent, as sales rise, Fannie Mae said.