Daily Economic Indicator: Freddie Mac economist says housing market to improve

12/7/2010 | Wall Street Journal, The

Frank Nothaft, chief economist at Freddie Mac, said that macroeconomic factors are pointing to an improved housing market in 2011. Low mortgage rates, a more rapidly recovering economy and a bottoming of home prices will drive the improvement, Mr. Nothaft said. "These forces will support a gradual recovery in the housing and mortgage markets," he said.

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