My New Blog

According to the latest forecast by Doug Duncan, the chief economist from Fannie Mae.... "Consumers are lowering their leverage" he says-cutting their debt burdens - and "positioning themselves to resume consumption" - including home purchases.

Additionally the chief economist for the National Association of Home Builders, David Crowe, seems to share that position...Crowe believes that favorable home buying conditions "are taking shape for consumers, led by "historically low mortgage rates and low (home) prices."

Corelogic is a real estate data collecting company. The latest survey by Corelogic indicates that in most areas prices have stabilized or have modest growth in home values.

While we are not exactly singing..  "Happy Days Are Here Again" ... the signs all seem to be pointing in the right direction!