Expand Your Education with These Courses from
Business Creation - Prospecting: Skills for Sales Success: Part Three.
Accredited Buyer's Representative.
ACE: Purchase Reverse Mortgage Course.
At Home with Diversity.
Bundle 3: CIPS Institute (Non-US Version).

Growing Pains as the Economic Recovery Turns Four

Have a comment on this article? Share on Facebook!

◦ Second, through the housing wealth effect, rising home prices should help to spur consumption spending. Some evidence that home equity lending has picked up was found in Freddie Mac’s Refinance Report for the second quarter, which saw $9.5 billion in home-equity cashed-out as part of a refinance, which was up from a year ago.

◦ Finally, rising house prices will help the economic recovery by helping to spur small business formation, as a business owner’s home often serves as collateral for a start-up

“The economic recovery has completed its fourth year, but it has not been without growing pains,” says Frank Nothaft, Freddie Mac vice president and chief economist. “The U.S. has experienced the weakest economic recovery coming out of a recession in the Post-War era. Despite the eye-popping monthly house-price appreciation taking place in some parts of the country, the recovery that has lingered for years is just now starting for many Americans. Fortunately, we should see this positive housing trend continue to improve in the second half of the year. A housing recovery is a broad-based recovery, benefiting all Americans, and therefore the overall economy.”

For more information, visit www.FreddieMac.com.

Continue Reading 1 2

Have a comment on this article? Share on Facebook!

Want instant access to great articles like this for your blog or newsletter? Check out our 30-day FREE trial of REsource Licensed Real Estate Content Solutions. Need easy stay-in-touch e-Marketing solutions too? Try Pop-a-Note for 99 cents!
Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Copyright© 2015 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com

Our Latest News >>