narus-economic-forecast2009

Enclosed is the U.S. Economic Outlook: March 2009 from the National Association of Realors Economic Research Division.

Nothing really new that we don’t already know…

Consumer confidence is down…but steadily picking back up from this point forward.

Fed Funds Rate…down, and staying down.

Prime Rate Down…and staying down.

30 year fixed-rate mortgage rates…down, and staying down.

Home Sales-Housing Starts…no big shiny stars here for the year.

Home Prices…in the tank, great time to buy.

Housing Affordability Index…off the charts!  Never been more affordable!

Again, this is a forecast.  I read these various reports frequently and they (forecasts) seem to be fairly consistent from report to report.  If you run across some other pertinent information, send it along to me.